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City of Northfield MN
File #: 25-642    Version: 1 Name:
Type: Information/Discussion Item Status: Agenda Ready
File created: 10/4/2024 In control: City Council
On agenda: 12/2/2025 Final action:
Title: Public Hearing on the 2026 Budget and Tax Levy.
Indexes: 2026 Budget
Attachments: 1. 1 - Budget Presentation (Long Version Background), 2. 2 - POST MTG - 2026 Budget PPT Presented at 12/2 meeting

City Council Meeting Date:                     December 2, 2025

 

To:                                          Mayor and City Council

 

From:                                          Brenda Angelstad, Finance Director

                                          Ben Martig, City Administrator

 

Title

Public Hearing on the 2026 Budget and Tax Levy.

 

Body

Action Requested:                     

The Northfield City Council holds a public hearing for the 2026 proposed tax levy and budget.

 

Summary Report:

The preliminary levy was approved on September 23, 2025 with a $19,540,372 maximum levy.  The HRA and EDA levies, that are included in the overall levy, were preliminarily approved as well as part of the total levy.  Staff will conduct a presentation of the final levies and budget amounts. 

 

The City Council is proposing as the final property tax levy of $19,485,372 with the corresponding budget.  The public will have an opportunity to speak. 

 

There are four budget-related approvals that are needed following the public hearing.  Council will be asked to approve a final resolution for each of the four areas.  A presentation is attached and additional information is contained in the staff reports and resolutions for these items.  A revised presentation will be provided supplemental.

 

The Resolutions will be presented as follows:

                     Adopt the final City-wide Levy, including EDA & HRA Levies

                     Adopt the CIP

                     Adopt the CEP

                     Adopt the 2025 Budget

 

Financial Impacts:                     

The levy is the primary source of revenue for the City of Northfield.

 

Tentative Timelines:                     

Public Hearing on December 2, 2025.