HomeMy WebLinkAbout2025-068 2026 Proposed Budget & LevyPROPOSED BUDGET FOR THE YEAR 2026, SETTING THE CITY LEVY, APPROVING THE HRA LEVY,
APPROVING A TAX RATE INCREASE, AND ESTABLISHING A BUDGET HEARING DATE FOR PROPERTY
TAXES PAYABLE IN 2026.
Now, therefore, in accordance with all ordinances and regulations of the City of Columbia Heights, the
City Council of the City of Columbia Heights makes the following:
Section A. The budget for the City of Columbia Heights for the year 2026 is hereby approved and adopted
with appropriations for each of the funds listed below.
Revenue
Expense
Governmental Funds
General Fund
21,258,500
20,989,500
Planning & Inspections
895,700
895,700
Economic Development Authority Admin.
407,000
413,900
EDA Housing Fund
390,000
800,000
Cable Tel evl s i on
110,000
155,500
Library
1,317,000
1,317,000
After School Programs
-
-
Downtown Parking
59,900
59,900
Capital Project Funds
5,416,500
5,041,300
Debt Service Furids
9,247,200
9,179,600
Proprietary Funds
Water Fund
4,780,000
3,957,600
Sewer Fund
2,858,000
3,084,500
Refuse Fund
4,254,000
4,202,200
Storm Sewer Fund
881,000
776,300
Liquor Fund
10,727,500
10,389,900
Municipal Service Center
1,245,300
1,342,700
Information Systems
1,042,000
1,042,000
Change in Fund Balance
-
1,342,000
Total Including Interfund Transfers
64,889,600
64,889,600
Section B. The following sums of money are levied for the current year, collectable in 2026 upon the
Taxable property in the City of Columbia Heights, for the purposes listed below.
General Fund Levy 17,650,000
Library Levy 1,292,000
EDA Fund Levy 401,000
Street Levy 600,000
Tota 1 19,943,000
City of Columbia Heights — Council Resolution 2025-068 Page 2
Section C. The City Council of the City of Columbia Heights hereby approves the Columbia Heights Housing
and Redevelopment Authority Tax Levy for the fiscal year 2026 in the amount of $420,000.
BE IT FURTHER RESOLVED: That the public budget hearing is scheduled for December 8, 2025, at
approximately 6:00 p.m. in the City Council Chambers.
BE IT FURTHER RESOLVED: That the County Auditor is authorized to fix a property tax rate for taxes
payable in the year 2026 that is higher than the tax rate calculated for the City of Columbia Heights for
taxes payable in 2025.
BE IT FURTHER RESOLVED: That the City has adequate fund balances and reserves to pay bond principal
and interest payments on General Obligation Bond Series 2015A in the amount of $274,987 and that the
County Auditor is authorized to cancel $274,987 of the related Bond Levy for taxes payable in 2026,
leaving a balance of $210,100 to be levied for taxes payable 2026 for Series 2015A.
BE IT FURTHER RESOLVED: That the City has adequate fund balances and reserves to pay bond principal
and interest payments on General Obligation Bond Series 2017A in the amount of $336,499 and that the
County Auditor is authorized to cancel $336,499 of the related Bond Levy for taxes payable in 2026,
leaving a balance of $0 to be levied for taxes payable in 2026 for Series 2017A.
BE IT FURTHER RESOLVED: That the City has adequate fund balances and reserves to pay bond principal
and interest payments on General Obligation Bond Series 2017B in the amount of $275,701 and that the
County Auditor is authorized to cancel $275,701 of the related Bond Levy for taxes payable in 2026,
leaving a balance of $291,800 to be levied for taxes payable in 2026 for Series 2017B.
BE IT FURTHER RESOLVED: That the City has adequate fund balances and reserves to pay bond principal
and interest payments on General Obligation Bond Series 2018A in the amount of $89 and that the
County Auditor is authorized to cancel $89 of the related Bond Levy for taxes payable in 2026, leaving a
balance of $123,100 to be levied for taxes payable in 2026 for Series 2018A.
BE IT FURTHER RESOLVED: That the City has adequate fund balances and reserves to pay bond principal
and interest payments on General Obligation Bond Series 2023B in the amount of $121,199 and that the
County Auditor is authorized to cancel $121,199 of the related Bond Levy for taxes payable in 2026,
leaving a balance of $0 to be levied for taxes payable in 2026 for Series 20238.
The Finance Director is hereby instructed to transmit a certified copy of this resolution to the County
Auditor of Anoka County, Minnesota.
Passed this 22nd day of September, 2025
Offered by: James
Seconded by: Deneen �}
Roll Call: All Ayes
or Amada arquez Si u
Attest: �-
Sara to , City Clerk/Council Secretary