Minneapolis leaders say the city may have to cut services and jobs or raise property taxes to balance its 2027 budget.
City leaders said Minneapolis would have to spend about $30 million more than it is bringing in next year to keep programs and staffing at current levels. On Wednesday night, City Council Member Michael Rainville invited residents to hear from the city’s deputy chief financial officer, ask questions and suggest where cuts could be made.
Property taxes have gone up every year since at least 2018 by 7.7% a year on average, according to a presentation from Minneapolis Deputy Chief Financial Officer Jayne Discenza, meaning 2027 would mark at least the ninth year in a row Minneapolis property taxes climbed overall…