HomeMy WebLinkAbout25-130 Adopting 2026 City Budget and Certifying Prelimary 2026 City of Prior lake Property Tax Levy to Scott County Department of Taxation
4646 Dakota Street SE Prior Lake, MN 55372
RESOLUTION 25-130 A RESOLUTION ADOPTING 2026 CITY BUDGETS AND CERTIFYING PRELIMINARY 2026 CITY OF PRIOR LAKE PROPERTY TAX LEVY TO SCOTT COUNTY DEPARTMENT OF TAXATION Motion By: Braid Second By: Briggs WHEREAS, State statute requires that the Prior Lake City Council certify a proposed property tax levy to the Scott County Department of Taxation; and WHEREAS, preliminary budget amounts for the City of Prior Lake for calendar year 2026 are estimated as follows; and
General Fund $ 24,093,139 Debt Service Funds 5,110,160 Cable Fund 3,700 Capital Park Fund 5,600 Revolving Equipment Fund 1,662,600 Revolving Park Equipment Fund 870,000 Permanent Improvement Revolving Fund 1,546,250 Facilities Management Fund 1,293,000 Water Fund 8,389,390 Sewer Fund 6,534,731 Water Quality Fund 1,793,691 Total $ 51,957,809
WHEREAS, the proposed property tax levy for the City of Prior Lake for payable year 2026 is
as follows; and
General Purposes $ 16,267,024 Revolving Equipment Fund 925,000 Revolving Park Equipment Fund 595,000 Permanent Improvement Revolving Fund - Facilities Management Fund 305,000 Debt Service 3,245,109
Total $ 21,337,133
WHEREAS, WHEREAS,
the proposed City of Prior Lake property tax levy for the year payable 2026 of $21,337,133 represents a $1,481,723 or 7.46% increase; and the City Council will consider the 2026 General Fund, Debt Service Funds, Cable Fund, Capital Park Fund, Revolving Equipment Fund, Revolving Park Equipment
Fund, Permanent Improvement Revolving Fund, Facilities Management Fund and Enterprise Fund Budgets and the Final 2026 Property Tax Levy during its regularly
scheduled council meeting at 7:00 p.m. on Tuesday December 9, 2025 at 4646 Dakota Street SE, Prior Lake 55372 with a continuation (if necessary) at 7:00 p.m. on December 23, 2025.
M:\2- City Clerk\City Council\Resolutions\2025\25-130 Adopting 2026 City Budget and Certifying Prelimary 2026 City of Prior lake Property Tax Levy to Scott
County Department of Taxation.docx 2
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA as follows:
1. The recitals set forth above are incorporated herein. 2. That the proposed tax levy be distributed upon the taxable property in said City for the following purposes in payable 2026:
Note: Single starred funds shall be spread over the entire consolidated City of Prior Lake. Note: Double starred funds represent market value-based referendum taxes and shall be spread over the entire consolidated City of Prior Lake. Note: All other bond issues have sufficient fund balances to cover debt requirements. Passed and adopted by the Prior Lake City Council this 23rd day of September 2025.
VOTE Briggs Braid Churchill Lake Hellier
Aye ☒ ☒ ☒ ☒ ☒
Nay ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐ Absent ☐ ☐ ☐ ☐ ☐
______________________________ Jason Wedel, City Manager
Purpose Amount Amount * General City Purposes 16,267,024 * Revolving Equipment Fund 925,000 * Revolving Park Equipment Fund (Park Equipment & Trail Replacement) 595,000
* Permanent Improvement Revolving Fund (Street Overlay) - * Facilities Management Fund 305,000 Debt Service: * F563-G.O. Imp Bonds 2015B (150th/13) 610,212 * F565, 566, 567-G.O. Imp Bonds 2016A (Manitou) 67,701 * F566-G.O. Imp Bonds 2016A (150th/13) 42,840 * F568-G.O. Imp Bonds 2017A (Cates, Balsam, Franklin, Sycamore) 262,629 * F570-G.O. Imp Bonds 2018A (Equip, CIP, Imp, Street Recon) 474,492 * * * *
F572-G.O. Imp Bonds 2019A (Street and Capital Improvements) F574-G.O. Imp Bonds 2021A (Street, Equipment, Refunding) F575-G.O. Imp Bonds 2021B (Refunding) F576-G.O. Imp Bonds 2022A (Street and Capital Improvements)
206,829 266,234 746,813 166,748
* F580-G.O. Imp Bonds 2025A (Wilds Pkwy, Martindale/Henning) 134,723 ** F318-Fire Station #2 Referendum Bonds ‘06 265,888
Total Debt Service 3,245,109
Total $ 21,337,133