The City budget outlines the financial plan for the General Fund in the upcoming fiscal year. The General Fund supports core City services, including police and fire, street and park maintenance, and planning and zoning projects. State law requires the City to prepare a budget each year.
May & June 2025
Work starts in May and June on operational and capital budgets. Then, City leadership meets individually with City Council members on proposed budgets for General Fund, Capital Projects, and various components of the tax levy. In August, the City Council and HRA review budget information and proposed levies at their work sessions before adopting the proposed Property Tax Levy for 2026 at their regular meetings in September. After adoption, the City publishes proposed tax information to the City’s website.
In mid-November, Hennepin County sends Proposed Property Tax notices to all property owners. In December, the City Council and HRA adopt the final Property Tax Levy for 2026 at their regular meetings, and the adopted tax information is published to the City’s website.
For more information about the City budget, visit www.goldenvalleymn.gov/City-Budget.