HomeMy WebLinkAbout26-168 - Resolution - Adopting 2027 Preliminary LevyCITY OF LINO LAKES
RESOLUTION NO.26-168
ADOPTING THE 2027 PRELIMINARY LEVY
WHEREAS, Minnesota Statutes grant local governments authority to levy property
taxes to finance the operations of the local jurisdiction; and
WHEREAS, the City of Lino Lakes annually levies property taxes to finance general
operating costs and annual debt service on outstanding indebtedness; and
WHEREAS, the City Council has reviewed the 2027 preliminary levy and must certify it
to Anoka County on or before September 30, 2026.
NOW, THEREFORE, BE IT RESOLVED by the City Council of Lino Lakes, Minnesota that the
following be levied for taxes payable 2027:
General Levies $17,243,203
Bonded Indebtedness
2015A G.O.
222,364
2015 EDA Lease Revenue
315,669
2018A G.O.
485,527
2021A G.O.
207,370
2025A G.O.
407,085
1 638 015
Total 2027 Preliminary Levy $18,881,218
Adopted by the City Council of the City of Lino Lakes on this 141h day of September 2026.
, "f, �' t=j C l
b afferty, Mayor
ATTEST:
Roberta Colotti, CMC
City Clerk