Budget
The city budget is its annual plan for providing services to its citizens within the fiscal restraints of limited resources. The city structures its financial plan with a responsible, long-term management perspective to attain the overall goal of ensuring an ongoing capacity to provide quality public services to our residents and businesses at a reasonable price.
The city follows an open, public process to review and adopt its annual budget and welcomes citizen input. The various city departments prepare their budget requests in June, which are then submitted to the city manager and finance director in July. After review by the city manager and finance director, budget requests are submitted to council for review in a study session in August. In September the city council adopts a preliminary budget and tax levy. In November the preliminary budget is reviewed in detail by city council, with adoption of the final budget and tax levy in December.
2012 budget information
- Approved 2012 budget
- Budget meeting (December 5, 2011) staff report
- Budget study session (November 21, 2011) staff report
- Public budget hearing is Dec. 5
- Responsible city financial management limits 2012 tax increase to less than one percent
- City Council adopts low preliminary property tax levy (PDF)
- Preliminary tax levy (September 12, 2011) staff report
- Preliminary tax levy (September 12, 2011) presentation
- Budget study session (August 29, 2011) staff report
- Budget survey
Understanding changes to the Market Value Homestead Credit (MVHC)
For 2012, other factors will have a far greater impact on the property taxes of individual homeowners than the city’s responsible budget. Most significantly, the state made major changes to its Market Value Homestead Credit (MVHC) program. As a result, both property values and property taxes will vary greatly from city to city and even within cities. Many organizations have created resources to help explain these state changes, and links to a few of those resources are provided below.
- Video: Why are Minnesota property taxes going up? (By Molly Bloom and Curtis Gilbert, Minnesota Public Radio)
- What’s Going on with My Tax Bill? (pdf) (League of Minnesota Cities)
2011 budget information
- Final 2011 budget (PDF)
Approved by city council Dec. 20, 2010 - 2011 property tax levels approved
- 2011 city budget and levy continues to be downsized under repositioning plan
- 2011 levy increase to be reduced from preliminary levy; budget change less than inflation rate
- Budget restructuring plan continues: permanent downsizing saves $4 million over two years
- Budget survey
2010 budget information
- Final 2010 budget (PDF)
Approved by city council Dec. 21, 2009 - City budget cuts limit 2010 property tax increase
- City Council study session on budget: November 16, 2009 (PDF)
- Feedback on 2010 Minnetonka budget encouraged
- 2010 budget cap 2% lower than 2009 budget; $2 million in permanent spending cuts made
- 2010 preliminary budget review: Aug. 31, 2009 (PDF)
2009 budget information
- Final 2009 budget (PDF)
Approved by city council Dec. 22, 2008 - Truth in Taxation hearing is Dec. 8
- 2009 city budget increase below inflation, cut from preliminary levels
- Updated 2009 preliminary budget for Nov. 17 study session (PDF)
- Minnetonka’s preliminary 2009 budget
- How does the cost of city services compare to other purchases?
- City council establishes 2009 budget directions and priorities
- 2009 preliminary budget presentation (PDF)
- 2009 preliminary budget review (PDF)
- 2009 preliminary budget review maps (PDF)
2008 budget information
- Final 2008 budget (PDF)
- Updated 2008 preliminary budget for Nov. 26 study session (PDF)
- 2008 preliminary budget review, Sep. 10 (PDF)
- 2008 preliminary budget presentation (PDF)
2007 budget information
- 2007 budget (PDF)
- Budget information from City Council Study Session, November 13, 2006 (PDF)
- 2007 preliminary budget review (PDF)
- 2007 budget seminar presentation (PDF)
- 2007 budget seminar presentation for businesses (PDF)
