Minnetonka Budget

At its Sept. 14 meeting, the city council approved the 2027-2031 Capital Improvements Program (CIP), which outlines a five year plan for spending related to capital improvements in the city. The CIP emphasizes maintaining current infrastructure and includes strategic investments in street rehabilitation, trail expansion, sustainability and public safety facilities. Watch video of the presentation.

• Adopted 2027-2031 Capital Improvements Program (CIP)
• View the 2027-2031 Capital Improvements Program (CIP) presentation

At its Sept. 14 meeting, the city council approved a preliminary 2027 budget and 2027 property tax levy totaling a 6.4% increase. Watch the meeting video.

The levy and budget reflect long-term financial planning, align with community priorities identified in surveys and ensure continued high-quality services amid rising personnel and infrastructure costs. The preliminary levy sets the maximum allowable increase, and the final budget and levy will be brought to city council in December 2026.

• View the 2026 Preliminary Budget and Levy Presentation

The city council reviewed and provided feedback on the preliminary 2027 budget and levies at its Aug. 17 study session.

• View the preliminary 2027 budget review presentation
• Listen to the Aug. 17 study session

At its Dec. 8 meeting, the Minnetonka City Council adopted resolutions to establish the 2026 budget and set the 2025 tax levies, collectible in 2026. Staff outlined the various budget initiatives and influencing factors and offered levy analysis and forecasting. The approved levy is equal to a 7.91 percent increase.

• 2026 Approved Budget

The city council met in a study session Nov. 17 to discuss the 2026 preliminary city budget (audio).

• View the study session 2026 budget presentation

In November, Hennepin County will mail proposed 2026 tax notices. These notices reflect 2026 preliminary tax levy increases from various taxing authorities. View an informational flyer included in the tax notice mailing.

In Sept. 8, 2025, the city council approved the 2026-2030 Economic Improvement Program (EIP), a comprehensive five-year plan guiding the city’s investments in housing, redevelopment, transit, and economic development. The EIP prioritizes affordable housing, support for small businesses, and long-term redevelopment planning. The adoption of the 2026 HRA levy will be brought to City Council in December 2025.

• View the 2026-2030 Economic Improvements Program (EIP) presentation

At its Sept. 8 meeting, the city council approved the 2026-2030 Capital Improvements Program (CIP), which outlines a five year plan for spending related to capital improvements in the city (meeting video). The CIP emphasizes maintaining current infrastructure and includes strategic investments in street rehabilitation, trail expansion, sustainability, and public safety facilities.

• Adopted 2026-2030 Capital Improvements Program (CIP)
• View the 2026-2030 Capital Improvements Program (CIP) presentation

At its Sept. 8 meeting, the city council approved a preliminary 2026 budget and 2025 property tax levy totaling a 7.935-percent increase (meeting video). This includes 4.6 percent for maintaining current services, 2.6 percent for continued implementation of the Public Safety Master Plan and 0.735 percent dedicated to future community facility and fire station improvements.

The levy and budget reflect long-term financial planning, align with community priorities identified in surveys and ensure continued high-quality services amid rising personnel and infrastructure costs. The preliminary levy sets the maximum allowable increase, and the final budget and levy will be brought to City Council in December 2025.

• View the 2026 Preliminary Budget and Levy Presentation
• View the City Manager introductory presentation