Mayor Frey proposes 11.3% property tax levy increase, cuts to close Minneapolis budget gap

MINNEAPOLIS — Mayor Jacob Frey is proposing an 11.3% increase in Minneapolis' property tax levy as part of a 2027 budget plan aimed at closing a significant gap in the city's finances.

Frey unveiled his proposed $2.3 billion budget Wednesday. The proposal includes $753 million in General Fund spending and, according to the mayor's office, would increase city property taxes by about $409 a year for the owner of a median-value Minneapolis home, or roughly $34 a month.

The proposal now heads to the Minneapolis City Council, which will review and amend the budget before adopting a final spending plan later this year. The mayor's proposal marks the beginning of what is expected to be months of budget dis...