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Finance Department

City services and your property taxes

A short video designed to help city residents better understand the local property tax system is now available from The League of Minnesota Cities. "Special Delivery" is a story about a typical Minnesota family that receives a property tax statement, which inspires conversations about city services and the factors that affect property tax rates.

City maintains top bond ratings for November 2018 bond sales

 

The City of Bloomington was again assigned top ratings for their November 2018 bond sales by all three rating services, ranking with an elite few cities nationwide that hold three triple-A bond ratings. The City maintains its Aaa from Moody's, AAA from Standard & Poor's and AAA from Fitch Ratings, the highest bond ratings awarded by those agencies.

To learn more about the City of Bloomington's Finance awards, click here.

Property tax and budget information

For more information regarding your 2018 property taxes please follow the link to our page on property tax information.

Sales tax information

For more information regarding 2018 local sales tax and Local Sales Tax Return forms please follow the link to our page on sales tax information.

Finance services

City bond ratings

The City's recent bond sales were rated by three credit rating agencies: Moody's Investors Service, Standard & Poor's and Fitch. The City received the highest rating possible (Triple A) from all three agencies.  Listed below are the  rating agencies' reports.

Financial policies

Financial reports

Fee Schedule

A schedule of fees and charges adopted by the City Council (excluding those established by ordinance). Individual items are subject to change during the fiscal year.

PDF icon 2018 Fee Schedule

PDF icon 2019 Proposed DRAFT Fee Schedule

Other documents

Capital Improvement Plan (CIP)

The Capital Improvement Plan (CIP) constitutes the capital improvement plan of the City of Bloomington (City). It is a planning tool based on long-range physical planning and financial projections that forecast the City, the Bloomington Port Authority (Port), and Housing and Redevelopment Authority for the City of Bloomington (HRA) capital needs over a five-year period as building blocks to help achieve the City's strategic vision and mission. The CIP includes a detailed description of every Capital Project anticipated to be initiated during the five-year period.

PDF icon 2018-2027 Capital Improvement Plan (CIP)

 

PDF icon 2017-2021 Capital Improvement Plan (CIP)

PDF icon 2016-2020 Community Investment Program (CIP)

PDF icon 2015-2019 Community Investment Program (CIP)

2014-2018 Community Investment Program (CIP)

 

 

 

Report on Performance Measures for 2017

The City of Bloomington participates in the Performance Measurement Program through the State Auditor's office. This voluntary program requires cities and counties to adopt ten selected measures that will be used to manage operations and reported to citizens and property taxpayers. Some of the information in this report was taken from a citizen survey conducted in 2018.

PDF icon 2017 Performance Measures Report