Title
Resolution Approving the Final 2026 HRA Budget and Certifying the Final HRA Property Tax Levy Payable in 2026.
Body
WHEREAS, staff from the Planning and Economic Development Department (“PED”) of the City of Saint Paul presented the proposed 2026 HRA budget to the Board of Commissioners of the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota (“HRA”) for its consideration; and
WHEREAS, staff recommended technical changes to the proposed 2026 HRA budget as shown in the attachment to the HRA board report accompanying this resolution; and
WHEREAS, the HRA Board of Commissioners certified a maximum proposed levy of $6,636,875 on September 24, 2025, by resolution RES 25-1474 in compliance with the State of Minnesota Truth in Taxation law; and
WHEREAS, the HRA Board of Commissioners, in order to comply with the State of Minnesota’s Truth-In-Taxation laws, Minn. Stat. Section 275.07, subd. 1, must certify a final HRA property tax levy payable in 2026 to Ramsey County on or before five working days after December 20, 2025; and
WHEREAS, the HRA Board of Commissioners certified property tax levy payable in 2026 at $6,636,875, calculated as follows:
|
HRA General Fund |
$6,504,137 |
|
2.0% Delinquency Allowance |
$132,738 |
|
Certified Final HRA Tax Levy |
$6,636,875 |
NOW, THEREFORE, BE IT RESOLVED, by the HRA Board of Commissioners, that pursuant to the provisions of Minnesota Statute Section 469.033, Subdivision 6, the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota, does hereby levy the Housing and Redevelopment property tax payable in the year 2026 on all real and personal property within the City of Saint Paul, computed in the manner provided by Minnesota Statutes Section 469.033, Subdivision 6, with all adjustments authorized by law. The Housing and Redevelopment property tax payable in 2026 is $6,636,875, which amount is authorized by law; and
BE IT FURTHER RESOLVED, that quarterly budget to actual reports to the HRA are requested for the 2026 HRA budget and the first budget to actual report must be presented to the HRA no later than April 1, 2026; and
BE IT FURTHER RESOLVED, that the HRA budget for the fiscal year ending December 31, 2026, as proposed and revised by the HRA Board of Commissioners, is hereby adopted; and
BE IT FURTHER RESOLVED, that the Executive Director is hereby authorized and directed to submit the revised 2026 HRA budget to the Mayor of the City of Saint Paul to be submitted to the Council of the City of Saint Paul for consideration, approval, and certification of the HRA final property tax levy in the manner provided by law.