Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Budgeting topic
No spam. Unsubscribe anytime.
North Mankato council adopts $9.58M levy and $33.36M 2025 budget, approves 2025–29 CIP
Summary
On Dec. 16, 2024 the North Mankato City Council adopted a $9,582,889 2024 tax levy collectible in 2025, approved a $33,359,346 2025 operating budget and the 2025–2029 Capital Improvement Plan; all motions passed unanimously.
The North Mankato City Council voted unanimously Dec. 16 to adopt the 2024 tax levy collectible in 2025, a $33,359,346 fiscal year 2025 budget and the 2025–2029 Capital Improvement Plan.
Finance Director Ryan told the Council the 2024 levy collectible in 2025 totals $9,582,889, allocated among the General Fund ($5,955,031), Port Authority Fund ($75,000), Bonded Indebtedness ($1,526,901), Abatement Levy ($473,099) and the Capital Levy ($1,552,858). Council Member Oachs asked staff to look for redundancies in spending as part of implementation. Council Member Steiner moved to adopt Res. No. 108-24; Whitlock seconded and the vote was recorded as Oachs, Peterson, Whitlock, Steiner and Carlson voting aye.
On the budget, Ryan said the proposed fiscal year 2025 total is $33,359,346, including $10,680,524 for the General Fund (covering general government, public safety, public works, culture-recreation, transfers and other functions) and $22,678,822 for auxiliary funds (special revenue, Port Authority, debt service, capital projects, enterprise and trust and agency funds). The Council adopted Res. No. 109-24 on a unanimous vote (moved by Council Member Oachs, seconded by Council Member Steiner).
The Council also adopted the Capital Improvement Plan for 2025–2029 (Res. No. 110-24). Finance Director Ryan said the CIP reflects prioritization based on infrastructure condition, project costs and funding availability; Council Member Steiner moved adoption and the motion passed unanimously.
The measures set the City's near-term spending priorities and outline capital projects the City intends to pursue or fund over the next five years. Implementation of budgeted projects and use of levy proceeds will be subject to routine staff reporting and future Council approvals where required.
