The City Budget
Mayor Betsy Hodges' 2016 recommended budget calls for an overall City budget of $1.22 billion.
The major highlights in the Mayor’s 2016 budget proposal include:
- $13 million in affordable housing programs largely spurred by the Mayor’s Cradle to K Cabinet’s proposal to focus on housing as a strategy to ensure a healthy start for kids. This includes investments in the Affordable Housing Trust Fund, $1 million to help create affordable housing options for large families and targeted rental assistance for families leaving shelters.
- $10 million for the City’s portion of the 10th Avenue bridge rehabilitation.
- $400,000 to accelerate Minneapolis ‘conversion of City-owned streetlights to LED technology. The funding will implement approximately 900 LED fixtures which will save about $113,400 a year over their life cycle and pay for itself in three and a half years.
- Raising the sworn compliment of police officers to 862 while funding a recruit class and ongoing community service officer classes.
- Funding for 30 TechHire Initiative scholarships that will provide women and people of color with job training to meet employers growing demand for a workforce educated in technology skills.
Last updated Nov 13, 2015