HomeMy WebLinkAboutX-E-01 Approve Preliminary 2026 City Property Tax Levy, Preliminary Budget, and Setting Truth in Taxation HearingCITY OF HASTINGS
DAKOTA COUNTY, MINNESOTA
RESOLUTION ____________
A RESOLUTION ADOPTING THE PRELIMINARY
2026 CITY PROPERTY TAX LEVY, PRELIMINARY BUDGET,
AND SETTING TRUTH IN TAXATION HEARING DATE
WHEREAS, the City must annually prepare a budget that is responsive,
responsible, and in alignment with our CORE values and strategic plan; and
WHEREAS, departments prepare requests with are discussed and reviewed as a
team and with the Finance Committee of the Council (Vihrachoff, Beck,Leifeld); and
WHEREAS,the Finance Committee and the City Council have met several times
over the last few months to discuss the preliminary budget information;and
WHEREAS, the committee has directed the City Administrator and staff to
prepare a preliminary 2026 tax levy and budget, a special levy, and set a truth in
taxation hearing date; and
WHEREAS, provisions of the Minnesota Truth and Taxation Law require Cities to
certify a Proposed Property Tax Levy and City Budget to the County Auditor by
September 30, 2025; and
WHEREAS, City staff was directed to set the 2026 City Preliminary levy at
$21,729,930, the Preliminary Budget at $44,499,029,and to schedule a truth in taxation
public hearing date at 7:00 p.m. on Monday, December 1, 2025,in the City Council
Chambers at Hastings City Hall, with a continuation date (if needed) of Monday,
December 15, 2025;and
WHEREAS, the City’s debt levy must increase by $266,531 due to more bonding
projects than usual that were approved for the 2025 budget.Cash on hand will be used
to reduce the total levy needed for debt service.
NOW, THEREFORE BE IT RESOLVED,by the City Council of the City of Hastings,
Minnesota;that the preliminary Property Tax Levy of the City of Hastings, for the 2026
City Budget to be certified is hereby adopted.
Adopted this 2nd day of September 2025.
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Attest:Mary Fasbender, Mayor
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Kelly Murtaugh, City Clerk