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Officials: franchise, permit revenue declines squeeze North Mankato budget
Summary
Finance Director Ryan told the council that franchise fees are down about $38,000 and building permit revenue is projected to fall $96,000 in 2026, contributing to an anticipated $156,000 drop in overall revenue and a $349,000 expenditure increase.
Finance Director Erin Ryan reported several revenue shortfalls and rising costs that are putting upward pressure on the 2026 draft budget. "Franchise fees have been decreasing primarily due to decreased use of cable throughout the City," Ryan said, and she listed specific line-item impacts that contribute to an overall revenue decline of $156,000 and a projected $349,000 increase in expenditures.
Ryan identified a projected $38,000 decrease in franchise revenue and a $96,000 decline in building permit fees. She noted Local Government Aid will see a small increase of $3,200, but that will not offset other declines. Transit payments to Mankato are expected to rise by $8,600, and the completion of the All Seasons Arena will increase the payment to Mankato by $88,000.
Council members used the revenue and expenditure figures to frame their discussion of which staff requests could be postponed or removed if the council wants to limit or avoid a tax-rate increase.
