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. This is reported through the Department Results Minneapolis program.
• A year-end budget status report — the final, audited Comprehensive Annual Financial Report is not available until the second quarter.
• A capital improvement proposal for the coming year.

See the 2020 Department Results Minneapolis report

See how Capital Long-Range Improvements Committee (CLIC) gets involved

September

September - November

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

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

By mid-December

The City Council

• Finalizes its amendments to the Mayor's budget
• Adopts the final budget