Budget planning steps
Planning the budget for the coming year is a months-long process involving many people.
Step 1
Information gathering
January - April
City staff prepare information that helps the Mayor develop a budget, including:
- An analysis of each department's accomplishments over the past year.
- A year-end budget status report — the final, audited Annual Comprehensive Financial Report is not available until the second quarter.
- A capital improvement proposal for the coming year.
See the 2020 City Department performance reports
See how Capital Long-Range Improvements Committee (CLIC) gets involved
Step 2
Budget development
Step 3
Mayor's Budget Recommendation
Step 4
Public hearings
Step 5
Budget review
September - early December
The City Council
- Reviews the Mayor's proposed budget
- Holds public hearings to get resident input
- Listens to department leaders about how the budget will affect their work
- Makes recommended adjustments to the budget
Step 6
Budget review
By late November
Residents receive Hennepin County estimated tax statements for the following year.
- The statement gives an estimate of your city, county and school district taxes.
- It also gives you the the date of the Truth in Taxation hearing.
- This is the final hearing before the budget is approved by the City Council
- It only addresses the city portion of your property taxes
Step 7
City Council adopts final budget
By mid-December
The City Council
- Finalizes its amendments to the Mayor's budget
- Adopts the final budget
Contact us
Phone
Address
City Hall350 S. Fifth St., Room 325MMinneapolis, MN 55415