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City budget

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Bloomington City Council approves 2026 budget

On Monday, December 15, the City Council approved Bloomington’s 2026 property tax levy and general fund budget with a tax levy increase of 6.96%. For a median-valued homeowner that equates to an increase of $124.39 per year, or $2.39 per week. This is a 2.48% reduction from Bloomington’s preliminary tax levy of 9.44%. Bloomington’s approved 2026 property tax levy and budget is also lower than the average preliminary 2026 tax levy increase of Minnesota cities, which is 8.7%. 

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Understanding your property taxes and home valuations

Bloomington’s deputy finance officer and city assessor help you understand two important documents that arrive in mailboxes in March: your property tax statement and home valuation notice.

Annual budget books and budget in brief

budbook_2025

The Annual Budget Books for the past five years are linked below. More financial reports are available at blm.mn/financialreports.

The 2025 Budget in Brief is a 30 page summary of the Annual Budget Book. 

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Let's Talk Bloomington logo.

Thank you for your input on the 2026 budget! Voice your opinion on a variety of City projects at Let's Talk Bloomington, the City's website for community conversations.

Contact Information

Contact Information

Kari Carlson, CPFO

Deputy Finance Officer