Mayor Frey Lays Out His Proposed Minneapolis Budget Plan for 2026

Minneapolis Mayor's budget calls for 7.8% property tax levy increase, plus spending cuts in "challenging landscape"

Minneapolis Mayor Jacob Frey offered up his 2026 budget address Wednesday and is focusing on creating a city that’s “built to last.” It’s built on an increase of 7.8% in the property tax levy, plus spending cuts in a “challenging landscape.”

Mayor Jacob Frey’s 2026 budget proposal increases levy 7.8%

“This is not an austerity budget,” Frey says of his $2 billion spending blueprint, calling it a “recalibration.”

Frey proposes 7.8% property tax increase as part of 2026 Minneapolis budget

Minneapolis Mayor Jacob Frey is proposing a 7.8% property tax increase for 2026, a hike he says is necessary to maintain core city services.

Mayor Frey lays out his proposed Minneapolis budget plan for 2026

Minneapolis Mayor Jacob Frey's proposed $2 billion budget for 2026 focuses on no staff layoffs, $23 million in smart savings, and investments in infrastructure.

Minneapolis budget: Police double-time pay eliminated, 7.8% tax increase expected

Double-pay overtime for Minneapolis cops could be cut as part of the city's budget moving forward that would also propose a property tax levy increase of 7.8% to property owners.

Minneapolis Mayor Proposes 7.8% Property Tax Hike for 2026

“This is not an austerity budget – this is a recalibration,” said Frey, who is running for re-election this fall. Continue Reading Minneapolis Mayor Proposes 7.8% Property Tax Hike for 2026 The post Minneapolis Mayor Proposes 7.8% Property Tax Hike for 2026 appeared first on Weekly Real Estate News.