Mankato 2012 Budget

The FY 2012 proposed budget submitted for City Council consideration reflects the continued efforts of staff at all levels of the organization. Economic pressures, including the unstable environment of Local Governmental Aid (LGA), slowed tax base growth, and effect of market value exclusion have kept expenditures to 2006 levels. While our regional center community continues to experience growth which places pressure on our ability to purely maintain service levels.

Over the last two years, we have identified core, secondary, and livability services which continue to serve as the foundation for our service based budget. The evolution of performance measurement communication through the budget will continue to increase to assist the Council in budgeting for desired service level outcomes, communication of tax dollar allocation/outcomes, and serve as an organizational management tool. Next year, we will be able to compare our performance with other college cities within Minnesota and nation.

The City is currently facing a $1,395,280 general fund and utility fund deficit. Through the series of upcoming budget meeting, there will be ample time and opportunity for the Council to discuss identified budget balancing options (as Council identified prior to setting the preliminary levy), outcomes of the budget focus groups, and service area discussions. This discussion will take place through December at which time a balanced budget will need to be adopted.

Mankato 2011 Budget Outlook (PDF 2.5MB)
Mankato 2011 Budget (PDF 4.5MB).

View video about the likely increase in Minnesota property taxes.   The state is changing the way it gives property tax relief to homeowners.

Answers to frequently-asked questions about changes to the tax bill.
2012 changes in homestead benefits
Review 2012 market value exclusion and levy impact--illustration about city property tax portion