2025-09-23 Resolution 12343City of Richfield September 23, 2025
County of Hennepin
State of Minnesota
RESOLUTION NO. 12343
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Motion by: Burk
Seconded by: Hayford Oleary
ADOPTING A PROPOSED BUDGET AND TAX LEVY
FOR THE YEAR 2026
WHEREAS, the Minnesota Truth in Taxation law provides for a proposed tax levy
to be certified to the County Auditor by September 30, 2025 , and then recertified before
December 30, 2025.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Richfield, Minnesota as follows:
1.The budget for the City of Richfield for the year 2026 is hereby approved and
adopted with appropriations for each of the departments to be as follows:
General Fund
Legislative/Executive 1,360,777
Administrative Services 1,427,977
Finance 701,628
Public Safety 13,642,788
Fire Services 6,641,729
Community Development 1,916,110
Public Works 5,949,340
Recreation Services 2,561,200
0.44% related to PFML 115,000
Transfers Out 372,250
Fund Balance Reserve 445,316
TOTAL GENERAL FUND $ 35,134,115
2.The estimated gross revenue of the City of Richfield from all sources,
including general ad valorem tax levies as hereinafter set forth for the year
2026 which are more fully detailed in the City Manager’s official copy of the
2026 budget, are hereby found and determined to be as follows:
TOTAL GENERAL FUND $35,134,115
3.There is hereby levied upon all taxable property in the City of Richfield a
direct ad valorem tax in the year 2025, payable in 2026 for the following
purposes and in the following amounts:
City of Richfield September 23, 2025
County of Hennepin
State of Minnesota
RESOLUTION NO. 12343
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PURPOSE AMOUNT
General Fund1 $25,475,8832
Equipment 1,682,308
Economic Development Authority 645,160
Debt Service 3,946,030
1 Provision has been made in the General Fund for the payment of the City’s contributory
share to Public Employees’ Retirement Association.
2 General Fund Levy includes all fiscal disparities distribution amounts.
4.The debt service tax levy as established in the bond documents for the G.O.
Special Assessment Bonds, Series 2013A shall be $149,730.
5.The debt service tax levy as established in the bond documents for the G.O.
Street Reconstruction Bonds, Series 2015A will be reduced from $631,056.57
to $279,582 due to the utilization of gas and electric franchise fees.
6.The debt service tax levy as established in the bond documents for the G.O.
Special Assessment Bonds, Series 2016B shall be $530,750.
7.The debt service tax levy as established in the bond documents for the G.O.
Bonds, Series 2016C shall be $697,313.
8.The debt service tax levy as established in the bond documents for the G.O.
Bonds, 2017A shall be $588,500.
9.The debt services tax levy as established in the bond documents for the G.O.
Bonds, 2017B shall be $339,675.
10. The debt service tax levy as established in the bond documents for the G.O.
Street Reconstruction Bonds, Series 2018A will be reduced from $700,061.25
to $284,025 due to the utilization of gas and electric franchise fees.
11. The debt service tax levy as established in the bond documents for the G.O.
Bonds, Series 2019A shall be $356,700.
12. The debt service tax levy as established in the bond documents for the
G.O. Bonds, Series 2020A shall be $187,570.
13. The debt service tax levy as established in the bond documents for the
G.O. Bonds, Series 2020B shall be $126,985.
14. The debt service tax levy as established in the bond documents for the G.O.
Bonds, Series 2022A shall be $405,200.
15. The budget for the Housing and Redevelopment Authority of Richfield for the
year 2026 is hereby ratified and approved. There is hereby levied upon all
taxable property in the City of Richfield a direct ad valorem tax in the year
2025, payable in 2026 for the following purposes:
City of Richfield September 23, 2025
County of Hennepin
State of Minnesota
RESOLUTION NO. 12343
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PURPOSE AMOUNT
Housing and Redevelopment Authority $742,230
16. A certified copy of this resolution shall be transmitted to the County Auditor.
17. The Truth in Taxation public meeting shall be set for 6:30 p.m. November 25,
2025.
Adopted by the City Council of the City of Richfield, Minnesota this 23rd day of
September, 2025.
VOTING AYE VOTING NAY
Supple, Mary Supple, Mary
Burk, Walter Burk, Walter
Christensen, Sharon Christensen, Sharon
Coleman-Woods, Rori Coleman-Woods, Rori
Hayford Oleary, Sean Hayford Oleary, Sean
Mary Supple, Mayor
ATTEST:
Michelle Friedrich, City Clerk