Minneapolis, St. Paul eye tax hikes to plug 2027 gaps
Minneapolis and St. Paul said Thursday they are weighing property tax hikes and spending cuts to close combined 2027 budget shortfalls of about $56 million, a move that could trigger layoffs and reduced services.[1]
Minneapolis Mayor Jacob Frey proposed an 11% property tax increase that would add about $409 a year for the average homeowner.[1] Frey's plan also envisions consolidating departments, eliminating some programs and cutting about 100 city positions to reduce the gap.[1] St. Paul Mayor Kaohly Her will present her first 2027 budget address Thursday at 11 a.m., outlining how her administration would close a roughly $26 million deficit.[1] The Minneapolis Park Board says Frey's proposed 2.5% parks levy increase, less than half the 5.86% request, could cost up to 26 park employees their jobs.[1]
Minneapolis faces a $30 million 2027 budget shortfall; St. Paul faces a $26 million deficit.[1]
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📌 Key Facts
- Minneapolis faces a $30 million 2027 budget shortfall; St. Paul faces a $26 million deficit.
- Mayor Jacob Frey proposes an 11% Minneapolis property tax increase, adding about $409 a year for the average homeowner.
- Frey’s plan contemplates consolidating departments, eliminating some programs and cutting about 100 city positions.
- St. Paul Mayor Kaohly Her will present her first budget address Thursday at 11 a.m. outlining her 2027 plan.
- The Minneapolis Park Board says Frey’s proposed 2.5% parks increase—less than half the 5.86% requested—could cost up to 26 park employees their jobs.
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