City Budget

City of Shorewood's 2024 Annual Comprehensive Financial Report has satisfied the high standards of GFOA’s program, and the City has been awarded GFOA’s Certificate of Achievement for Excellence in Financial Reporting for the 29th consecutive year. This is the highest form of recognition in governmental accounting and financial reporting.

The November 24 Work Session will be held at 5:30 p.m. at Shorewood City Hall. This is the final review of the proposed 2026 Budget and 2026-2035 Capital Improvement Plan. As with past budget work sessions, public comment may be taken.

Since June, staff and Council have reviewed the various City funds, discussed the proposed property tax levy and tax rate, reviewed tax impacts on properties, and considered an updated fee schedule. As part of its regularly scheduled City Council meeting on Monday December 8, the City Council will hold a truth-in-taxation public meeting on the proposed 2026 budget and property tax levy, and adopt the final payable 2026 property tax levy and 2026 budget. The 2026 property tax levy will be certified to Hennepin County on or before December 29.