Laserfiche WebLink
25 the 2026-2045 Capital Improvement Plan. <br />26 <br />27 Market valuation data from Ramsey County is not yet available, so the estimated levy impact on a <br />28 median-valued home can not be calculated at this point in time. This information will be included in the <br />29 council packet on September 22, 2025. The market valuation data is supposed to be released to cities <br />30 by August 29, 2025. <br />31 <br />32 Policy Objectives <br />33 The submittal of the City Manager Recommended Budget is required under Mn State Statute 412.701 <br />34 and serves as a means of guiding subsequent budget discusssions as well as communication with <br />35 citizens and other stakeholders. <br />36 <br />37 Equity Impact Summary <br />38 One of the budget organizational priorities identified by the City Manager and Department Heads <br />39 centered around Equity and Inclusion. This budget, like past budgets, provides funding for a variety of <br />40 equity initiatives. <br />41 <br />42 Budget Implications <br />43 See above and attached information <br />44 <br />45 Staff Recommendations <br />46 For information purposes only. <br />47 <br />48 Requested Council Action <br />49 The Council is asked to take action regarding the different scenarios presented to arrive at the final <br />50 preliminary budget and tax levy which is scheduled for adoption on September 22, 2025. <br />51 <br />52 <br />Michelle Pietrick, Finance Director <br />Prepared by: <br />1.City Manager 2026 Budget Memo <br />Attachments: <br />2.2026 Budget Presentation <br />3.Preliminary Base Budget - 8-252025 <br />4.Capital Improvement Plan 2026-2045-8-25 with Franchise Fees and revised levy <br />53 <br />Page 2 of 2 <br />Qbhf!31!pg!49: <br /> <br />