The City Council has adopted the 2022 City budget, a roughly $1.6 billion spending plan that includes a 5.45 percent levy increase.
The City portion of the property tax of a residential homestead property valued at $297,000 will increase approximately 10 percent.
The budget includes new investments in affordable housing, public safety, economic inclusion initiatives, climate action and City employee capacity to ensure delivery of core City services.
It also includes a gradual $2.6 million increase for youth programming through the Minneapolis Park and Recreation Board, ongoing funding for the Office of Violence Prevention, and five new recruit and cadet classes to bring new community-oriented officers to the Minneapolis Police Department.
It also features $120 million in federal relief funding over three years to help with recovery and safeguard against major property tax increases in 2022 and beyond.
