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City staff outlines proposed 2026 budget and levy at Truth and Taxation meeting
Summary
City staff presented the proposed 2026 budget and levy, showing use of $219,000 in fund balance, a projected 50.4% year-end fund balance for 2026, a modest decrease in the tax rate to about 43.79%, and a levy increase driven by growth in net tax capacity; council postponed final votes to Dec. 16.
City staff presented the City of Isanti’s proposed 2026 budget and levy at the Truth and Taxation meeting, outlining the process used to build the budget, major spending priorities and the tax impact for homeowners and businesses.
Nick Soulberg introduced the budget review and said the city will use about $219,000 of fund balance to cover an anticipated general fund shortfall in 2026. He said the city’s fund balance — the reserve measured against next year’s levied expenditures — is projected to be about 50.4% at the end of 2026 down from 62.1% at the end of 2024.
Soulberg described four priorities the levy will support: public safety…
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