Minneapolis Council Member Alerts Residents to Potential 13% Property Tax Hike
A Minneapolis City Council member has warned residents about a potential 13% property tax increase due to a projected $30 million budget deficit for 2027.
Minneapolis St. Paul, MN, July 28, 2026 —
MINNEAPOLIS – A potential 13% increase in property taxes for Minneapolis residents has been flagged by a City Council member as a possibility stemming from a projected $30 million budget deficit for the year 2027.
The warning comes from a City Council member who has alerted the public to the significant fiscal challenge the city may face in the coming years. The projected budget shortfall of $30 million for 2027 is a key factor driving discussions about potential revenue-generating measures.
While the specifics of how the city plans to address this deficit are still under deliberation, the council member emphasized that a substantial property tax increase is among the possibilities being considered to bridge the financial gap. Such an increase could have a notable impact on the finances of homeowners throughout Minneapolis.
The exact timeline for decisions regarding the budget and potential tax adjustments was not provided. Further details on the proposed solutions and their implications are expected to be released as the city’s budgeting process progresses.
Story summarized from the original created by Emily.Pofahl@fox.com (Emily Pofahl) on www.fox9.com, see more information here.
