Mayor Frey outlines vision for 2020 City budget
Mayor Jacob Frey presented his recommended 2020 City budget Aug. 15 – a budget that invests in the mayor’s top priorities of economic inclusion, affordable housing, public safety and police-community relations.
The City Council will begin reviewing the recommended $1.62 billion budget, hold a series of budget presentations in September and October, and vote on adopting the budget in December. The Board of Estimate and Taxation is scheduled to hold a public hearing to set the maximum property levy at 5:05 p.m. Wednesday, Sept. 11.
The recommended budget includes a 6.95% property tax levy increase for 2020. The City’s revenues come from a wide variety of sources with property taxes accounting for about 23% of the City’s budget.
Highlights of the recommended budget include:
- Over $31 million of one-time and ongoing resources for affordable housing programs.
- Funding for the Police Department to hire 14 new sworn officers: eight officers focused on neighborhood outreach, three officers for a new traffic unit and three investigators focused on domestic abuse and sexual assault cases.
- A $1.35 million investment in new Cultural Districts across the city: areas targeted for an acceleration of economic development and affordable housing strategies in some of the most vibrant and culturally diverse areas in Minneapolis.
Visit the City’s budget website to learn more about the mayor’s recommended budget, key dates in the approval process, FAQs and more. You can also watch a series of videos on the City’s budget process.
Published Aug 16, 2019