June 10, 2026 Board of Estimate and Taxation

The June 10, 2026 meeting of the Minneapolis Board of Estimate and Taxation focused primarily on budgetary and capital improvement discussions. Key procurement-related topics included the Minneapolis Park and Recreation Board's 20-year Neighborhood Park Plan annual report, which detailed ongoing capital improvement projects, rehabilitation efforts, and funding allocations, including a significant $45 million recreation center project at North Commons. The board discussed the capital improvement program (CIP) funding, project prioritization based on equity rankings, and the use of parkland dedication funds. Additionally, the city budget update for 2027-2028 was presented, highlighting a projected general fund expense growth of 5.1% against revenue growth of 1.9%, resulting in an estimated $28 to $33 million budget gap. The presentation covered personnel costs, internal service charges, and revenue forecasts, including property tax levies and franchise fees. The board also reviewed the draft 2027 BET budget, proposing no levy increase for 2027 but anticipating a levy increase in 2028 to address reserve fund drawdowns. Discussions included staffing levels, collective bargaining impacts on personnel costs, and internal service charge drivers. No specific contract awards or RFPs were mentioned, but the meeting included important budgetary decisions and planning that will influence future procurement and capital projects.