HomeMy WebLinkAboutRes 25-058 Setting The Preliminary 2026 Tax Levy And GeneralCITY OF ST. ANTHONY VILLAGE
STATE OF MINNESOTA
RESOLUTION 25-058
A RESOLUTION SETTING THE PRELIMINARY 2026
TAX LEVY AND GENERAL OPERATING BUDGET FOR THE CITY OF ST. ANTHONY
VILLAGE
WHEREAS, Minnesota State Law requires that the City of St. Anthony Village provide Hennepin and
Ramsey Counties with a final 2026 certified property tax levy and operating budget; and
WHEREAS, the City Council held a work session on June 24th reviewing the infrastructure improvement
schedule and 2026 Debt Levy requirements; and met at July 22nd and August 12th work
sessions to review the initial 2026 Budget and Property Tax Levy estimates.
WHEREAS, the City Council further reviewed the proposed 2026 property tax levy and general
operation budget at the August 26, 2025, City Council meetings; and
WHEREAS, the scheduled debt levy for Series 2015A (9411) in the amount of 186,028.99 is cancelled
and will be levied at a reduced amount of 171,028.99 and there are sufficient funds on hand
to cover the debt service payment; and
WHEREAS, the scheduled debt levy for Series 2016A (9413) in the amount of 104,965.36 is cancelled
and will be levied at a reduced amount of 84,965.36 and there are sufficient funds on hand
to cover the debt service payment; and
WHEREAS, the scheduled debt levy for Series 2017A (9415A) in the amount of 70,297.50 is cancelled
and will be levied at a reduced amount of 0.00 and there are sufficient funds on hand to
cover the debt service payment; and
WHEREAS, the scheduled debt levy for Series 2020A (9419A) in the amount of 232,747.36 is cancelled
and will be levied at a reduced amount of 212,747.36 and there are sufficient funds on hand
to cover the debt service payment; and
WHEREAS, the scheduled debt levy for Series 2022A (9421) in the amount of 193,061.30 is cancelled
and will be levied at a reduced amount of 13,061.30 and there are sufficient funds on hand
to cover the debt service payment; and
WHEREAS, the preliminary tax levy and budget is contingent upon any revisions allowed if the current
law is modified; and
WHEREAS, the City Council will determine a final property tax levy and budget at the
Tuesday, December 09, 2025, public hearing held at 7:00 p.m. in the Council Chambers.
NOW THEREFORE BE IT RESOLVED that the City Council of City of Saint Anthony Village, Minnesota
approves
1) The Preliminary 2026 Property Tax Levy is:
General Operating Levy $ 7,160,535
Capital Improvement Project Levy $ 458,200
Debt Service Levy $ 1,840,953
Housing and Redevelopment Authority Levy $ 209,414
Building Improvement Levy $ 140,500
Infrastructure Levy $ 721,228
Park Improvement Levy $ 40.000
$10,570,830
2) The preliminary 2026 General Fund Operating Budget totals $9,736,792
Adopted this 0 day of September 2025.
ATTEST: ��v&
Nicole DeDeyn, City Jrk
Reviewed for administration:
Wen y Webster, Mayor
arlie Yunker, City Manager