RES 25-50City of
E
River
City of Elk River
City Council
Resolution 25-50
A Resolution of the City Council of the City of Elk River Adopting the
Preliminary Property Tax Levy for Taxes Payable in 2026
WHEREAS, the Elk River City Council is required to establish a preliminary tax levy for
taxes payable in 2026 by September 30, 2025, and certify the preliminary tax levy to the
Sherburne County Auditor;
WHEREAS, the Elk River City Council has reviewed the City's anticipated expenditures
for all funds in 2026;
WHEREAS, the Elk River City Council has considered projected revenues for all funds in
2026;
WHEREAS, revenues from sources other than property taxes are not sufficient to meet
anticipated expenditures of all funds;
WHEREAS, debt levies have been adjusted or cancelled based on revenue collections and
projections.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk
River, Minnesota, as follows: The following amounts are the maximum to be levied as
property taxes payable in 2026:
Levy
._._._._......._................. ...
General Fund $16,864,450
Li b ra ry 84,550
2020A GO CIP Bond 600,046
2021A GO CIP/Equipment Bond 387,823
Economic Development Tax Abatement 160,205
Total Tax Levy $18,097,074
Passed and adopted this 15th day of September, 2025.
f
Jc In J. ietz, ayor
AI I I sI_
Tina Allard, City Clerk