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Finance director outlines preliminary 2026 budget: $1.66M levy increase proposed, council discussion begins
Summary
Finance Director Reinhart presented a preliminary 2026 levy increase of $1,660,000 (6.22%) including $1.4M for general operations, $300,000 for capital improvements, an EDA levy increase of $50,000, and a target to keep the city among lower-tax communities; council discussion focused on assumptions and next steps.
Shakopee’s Finance Director presented the city’s preliminary 2026 budget and levy numbers on Aug. 19, flagging several moving pieces and asking for council input before staff finalizes recommendations.
Key figures presented: a proposed $1,660,000 increase in the levy (approximately 6.22%), driven by an estimated $1,400,000 increase in general fund operations and a $300,000 increase for capital improvements; a proposed $50,000 increase in the EDA levy; and a projected $3.9 million…
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