Mayor Hodges Delivers Structurally Balanced Budget Proposal for 2018, Highlighting Historic Parks & Streets Investment Plan
August 15, 2017 (MINNEAPOLIS) — This afternoon, Mayor Hodges proposed a structurally balanced 2018 budget for the City of Minneapolis.
The Mayor’s budget proposes a 5.5 percent increase in the property-tax levy for 2018, which is consistent with the five-year financial direction that the City Council passed in the 2017 budget. The levy increase will continue to fully fund the historic 20-year Parks & Streets agreement reached with the Park Board in 2016, and the property-tax increases needed to fund it that were codified in City ordinance.
Mayor Hodges’ written budget message to the City Council and Board of Estimate and Taxation meets the requirements of Section 9.3.3 of the Minneapolis City Charter. She will deliver her full budget address on September 12.
Mayor Hodges released the following statement:
"I have always presented structurally balanced budgets, and this year is no exception. There are no surprises here: my 2018 budget proposal conforms to the five-year financial direction that we passed in the 2017 budget. I propose a levy that, as expected, fully funds our historic 20-Year Parks & Streets Investment Plan. The levy continues to solve the problem of our longstanding infrastructure deficit, which would have been left unaddressed without this level of investment.
"The fiscal health of our City is strong, but we have more work to do in order to fulfill the promise of One Minneapolis for all of our neighbors. I look forward to sharing more of my vision with Council Members and our residents, and the highlights of my full 2018 budget proposal, during my budget address on Tuesday, September 12."
The document is available for download here: https://www.scribd.com/document/356388000/2018-Budget-Message
Minneapolis has experienced major public-safety incidents in recent weeks, the response to which has demanded considerable attention from Mayor Hodges, City Council Members, and senior City staff. In the course of these events, Mayor Hodges also has nominated Acting Chief Medaria Arradondo to serve as police chief for the next 17 months, and has asked him for his ideas on the 2018 MPD budget. In order to accommodate these developments, Mayor Hodges will deliver her full budget address on September 12.
Delivering the budget address at a later date in response to urgent public-safety incidents is consistent with recent past practice. In 2007, Mayor Rybak delivered the Charter-required budget message in August while delivering the full 2008 budget speech in September, in order to accommodate for the time required to respond to the August 1, 2007 collapse of the I-35W bridge. In 2011, Mayor Rybak also delivered the Charter-required budget message in August while delivering the full 2012 budget speech in September, in order to accommodate for the time required to respond to the North Minneapolis tornado and to react to the State government shutdown and its impact on Local Government Aid, both in the summer of that year.
The Mayor’s budget message is available here: https://www.scribd.com/document/356388000/2018-Budget-Message
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Published Aug 15, 2017