RES 26-63City of
EIk
River
City of Elk River
City Council
Resolution 26-63
A Resolution of the City Council of the City of Elk River Adopting the Preliminary Property Tax
Levy for Taxes Payable in 2027
WHEREAS, The City Council is required to establish a preliminary tax levy for taxes payable in 2027 by
September 30, 2026, and certify the preliminary tax levy to the Sherburne County Auditor.
WHEREAS, The City Council has reviewed the Citvs anticipated expenditures for all funds in 2027.
WHEREAS, The City Council has considered projected revenues for all funds in 2027.
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 2027.
General Fund
Library
2020A GO CIP Bond
Economic Development Tax Abatement
Total Tax Levy
Passed and adopted this 21 st day of September 2026.
Joh J. Di , May r
ATTEST:
i
Justin D,: i iford, City Clerk
Levy
$18, 898, 600
86,250
599,784
177,496
$19, 762,130