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Mankato council adopts 2026 budget and sets property tax levy
Summary
At its Dec. 1 meeting the Mankato City Council adopted the 2026 operating budget, fee schedule and CIP and approved a 2025 property tax levy payable in 2026; staff said the proposed tax extension rate is 40.76 and the general fund levy would increase about 7.5%.
The Mankato City Council voted Dec. 1 to adopt the 2026 operating budget, fee schedule and capital improvement program and to set the 2025 property tax levy payable in 2026.
Staff presented the proposal at a public hearing, reporting total recommended revenues of $182,148,000 and expenditures of $173,752,000 and stating a proposed tax-extension rate of 40.76. “The final rate to which we are proposing is 40.76,” Parker Schopenhamer told the council. The proposed levy for the city was presented as $26,370,000, with the general-fund portion at about $21,990,000 — an increase staff…
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