Minneapolis City Council to consider Frey’s $1.88B budget proposal at Thursday meeting
Minneapolis City Council on Thursday will consider Mayor Jacob Frey’s $1.88 billion budget proposal for 2025. We could see a lot of changes before the final vote on the budget — expected to take place in December.
The budget proposal includes an 18% hike in property taxes over the next two years.
The property tax hike breaks down to more than 8% in 2025 and nearly 10% the year after. The 8% increase would add up to over $200 for the median home of $330,000.
Also in the budget proposal is a 30% pay increase for public works employees over the next three years, and a 21% increase for police.
Part of the money from the property tax hike will go toward the Mineapolis Park Board — but it’s not as much as they were hoping for. They’ll get $88 million instead of the $90 million they requested. The Park Board said this means staff cuts are now a possibility, but they say they’re fighting back.