City Budget Process
Participate in the Budget Process
Approving the City’s Annual Budget is one of the most important decisions made by City Council. The 2023 budget will be based on staff recommendations and input received from the community.
The public is invited to attend any or all City Council meetings where the budget is discussed. The City will also provide additional engagement opportunities for residents who wish to participate in the budget process.
The following is a tentative schedule for discussions on important aspects of the City’s Budget.
January - April 2022
Goal Setting and American Rescue Plan Act
- January 7: City Council and Staff Goal Setting Event (PDF)
- January 11: American Rescue Plan Act Overview (PDF)
- February 15: American Rescue Plan Act Discussion (PDF)
- March 8: American Rescue Plan Act Draft Spending Plan (PDF)
- April 5: Authorize American Rescue Plan Act Spending Plan (PDF)
April 26 and April 28 2022
Open Book meetings
Hennepin County Assessor's office will host virtual meeting sessions for the purpose of discussing property valuations that will be used for 2023 taxes. Valuation notices will include an insert providing additional information. Taxpayers may also call the assessor at any time to review valuation.
April - July 2022
- 2021 Audit
- Departments prepare Operating, Equipment (ERP) and Capital (CIP) Budgets
July 12, 2022
Review First Draft 2022 Tax Levy and General Fund Budgets
August 10, 2021
Review Capital Improvement Plan (CIP) and Equipment Replacement Plan (ERP)
August 15, 2021
Budget Engagement Review of 2023 Budget
The City will host a budget engagement session on August 15 from 6 to 7 p.m. at City Hall.
September 6, 2021
Approve Preliminary Tax Levy and General Fund Budget
Approve Capital Improvement Plan (CIP) and Equipment Replacement Plan (ERP)
October 12, 2021
Review Special Revenue Fund Budgets, Enterprise Fund Budgets, Activity Center Budget and Utility Rates
|Activity Center||Arts Center|
November 1, 2022
Approve Utility Rates
November 30, 2022
December 6, 2022
Approve Final Budget and Tax Levy
Questions or comments?
Please use this form to submit any general comments or questions about the budget process.
- Please explain in detail why the city has $83.5 million in debt?
- Please explain how the city will pay off outstanding debt? Will the City’s debt continue to rise?
- How will Hopkins utilize the funding received from American Rescue Plan Act?
- Where is the 5 percent increase in tax capacity expected to come from?
- The city seemed to function fine after the budget was reduced in during 2020/2021. Provided we are still in a pandemic, why have the cuts been restored?
- How do you model revenue around Tax Increment Financing projects to ensure there is sufficient revenue for increased demand on City services before the project is decertified?
- Have you run current cost recovery models for inspection services like rental licensing or fire inspections in comparison to other metro area cities?
- In order for Southwest Light Rail to be successful, people need to feel safe. How will the City ensure that people feel safe while riding? Will it be paid for by raising taxes? Should we ask busines
- How do we engage the community more in the budget process?
- What is the history behind the Fire Department responding to medical calls? They make up a large share of the work?
- I would like more information on the amount of Tax Increment Financing (TIF) and its duration.