Budgeting and Taxes

The City budget is the financial plan for the City’s operating divisions for the coming year. The budget process matches estimated revenue with projected expenditures for providing basic City services. It also determines the property tax levy. Preparation of a City budget is mandated by State Statue.

Each year in November, homeowners receive a notice in the mail that outlines their proposed property tax for the coming year. The notice also lists dates for the budget hearings of the various taxing jurisdictions (county, city and other taxing district) so property owners can participate in the process and have their questions answered.

Click here for current budget information

Annual Comprehensive Financial Report (ACFR)

As required by MN statutes, the Finance Department prepares an annual report. The City is required to undergo an annual financial audit; this report is part of that process. A hard copy of the report can be found at the Dakota County Library-Hastings Branch.

Click here for the City's ACFRs