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Rosemount adopts 2026 budget, approves levy after Truth in Taxation hearing
Summary
After a Truth in Taxation public hearing and a resident exchange about commercial valuation, the City of Rosemount approved its 2026 general fund operating budget, CIP, insurance and port authority budgets and set the 2026 levy. The budget reflects record new construction ($253M), an operating increase of about $1.99M and planned public-safety hires.
The City of Rosemount on Dec. 2 approved the 2026 general fund operating budget, capital improvement program (CIP), insurance budget, port authority levy and the 2026 city levy following a Truth in Taxation public hearing.
City staff presented budget “headlines,” including a record year of new-construction valuation ($253,000,000) and a tax-capacity increase of 11.56%, which staff said helps moderate the levy impact on existing homeowners. Mr. Martin, the city’s budget presenter, said the operating budget shows a 9.86% increase — approximately $1,991,000 — funded in part by an 8.2% operating-levy increase and a 5% debt-levy increase tied to the Police and Public Works campus debt…
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