HomeMy WebLinkAboutResolution No. 291-25 - Resolution - 2026-2027 Operating Budget
RESOLUTION
Adopting the 2026-2027 Operating Budget
WHEREAS, the adoption of the City of Rochester’s budget is the single most important
policy action taken by the Common Council of the City of Rochester; and
WHEREAS, the City of Rochester has a history of strong financial management and has
consistently received a AAA bond rating; and
WHEREAS, the City of Rochester team started developing the budget in February 2025;
and
WHEREAS, the City of Rochester has elected to leverage holistic budget stability funds to
help minimize the impact on tax levy; and
WHEREAS, the Common Council of the City of Rochester has adopted strategic priorities
and this budget attempts to align with those strategic priorities; and
WHEREAS, the 2026 tax levy, necessary in order to align strategic priorities, provide quality
services, and assure continued strong financial management through structural integrity of
operating and capital plans, requires a 5.95% increase, which was preliminarily approved
on September 22, 2025; and
NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of Rochester
that the 2026 annual budget of the City of Rochester, Minnesota for the fiscal year beginning
January 1, 2026 which has been submitted by the departments and modified and approved
by the City Council is hereby adopted:
The total of said budget and major divisions thereof being as follows:
REVENUE TO SUPPORT THE 2026
BUDGET
City of Rochester
Property Tax Levy $116,284,623
Park Referendum Tax Levy 2,000,000
Tax Abatement Levy 0
Non-property Taxes 8,225,958
Licenses and Permits 10,268,254
Fines, Forfeits and Penalties 817,631
Intergovernmental Revenue 102,429,065
Charges for Services 62,474,411
Miscellaneous Revenues 102,337,279
Prior Year Revenues 17,475,150
$422,312,371
RPU Board Authority
Charges for Services $222,976,000
Private Funds 2,529,000
Intergovernmental Revenue 7,960,000
Prior Year Revenues 37,594,000
$271,059,000
TOTAL REVENUE $693,371,371
APPROPRIATIONS
City of Rochester
Employee Services $130,206,422
Other Current Expenses 107,069,707
Capital Outlay 5,950,331
Capital Improvements 164,597,341
Debt Service 14,488,570
$422,312,371
RPU Board Authority
Employee Services $39,637,000
Contractual Services 100,857,000
Other Current Expenses 35,805,000
Capital Improvements 81,156,000
Debt Service 13,604,000
$271,059,000
TOTAL APPROPRIATIONS $693,371,371
BE IT FURTHER RESOLVED that the modified, approved and adopted copy marked
"Adopted 2026-2027 Budget" be placed on file in the Rochester Public Library, and that
effective January 1, 2026, the Director of Finance/Treasurer is hereby directed to cause
the appropriate accounting entries to be made in the books of the City.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS __________ DAY OF _______________, 2025.
___________________________________
PRESIDENT OF SAID COMMON COUNCIL
ATTEST: __________________________
CITY CLERK
APPROVED THIS _____ DAY OF ______________________, 2025.
___________________________________
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)