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Apple Valley council adopts $130M 2026 budget and raises levy amid bond debt service
Summary
On Nov. 25 the council approved a $130 million all-funds 2026 budget and a property tax levy increase to support capital investments, debt service from 2025 bond issuances and operations; the median-value homeowner faces about a $211 annual increase.
The Apple Valley City Council voted Nov. 25 to adopt the city’s 2026 budget and property tax levy after a Truth-in-Taxation presentation by Finance Director Ron Hedberg.
Hedberg told the council the total expenditures across all funds are approximately $130,000,000, with enterprise funds accounting for about $50,500,000 and a general fund of roughly $50,700,000. He said property taxes make up about a third of total revenue and roughly 74.7% of the General Fund’s revenues.
The 2026 levy will…
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