RES 25-76ver
City of Elk River
City Council
Resolution 25-76
A Resolution of the City Council of the City of Elk River Authorizing the
Proposed Property Tax Levy for Collection in 2026
WHEREAS, the Elk River City Council has reviewed the City's anticipated expenditures
for all funds in 2026; and
WHEREAS, the Elk River City Council has considered projected revenues for all funds in
2026;and
WHEREAS, revenues from sources other than property taxes are not sufficient to meet
anticipated expenditures of all funds; and
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 to be levied as property taxes
payable in 2026:
Levy
General Fund $16,864,450
Library 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 1st day of December 2025.
J*Jietz,
ATTEST:
C
Tina Allard, City Clerk
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