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Maplewood EDA adopts 2026 budget and asks city to approve $636,000 levy
Summary
The Maplewood Economic Development Authority voted to adopt its 2026 budget and asked the city to approve a proposed $636,000 EDA levy, citing a need to build fund balance for redevelopment work; commissioners emphasized annual review and noted other revenue sources such as LAHA and grants.
The Maplewood Economic Development Authority on Dec. 8 adopted a 2026 budget and asked the city to approve a proposed $636,000 EDA levy intended to build capacity for redevelopment and attract developers.
In a staff presentation, Mr. Rube outlined revenue and expenditure assumptions for the EDA. He said the draft budget includes an estimated $336,000 in tax revenue, $50,000 for grant-seeking and partnership programming, and approximately $587,610 in Local Affordable Housing Aid (LAHA) funds anticipated from 2025 receipts. On expenditures he listed wages of $200,000, $170,000 for…
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