2026 Budget for the City of Shakopee

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Executive Summary

The City’s annual budget is $111.0 million and consists of a variety of revenue sources, including taxes, licenses and permit fees, utility charges for enterprise funds, and grants from federal and state government agencies.

Shakopee Consolidated Budget $111.0M

Governmental Funds $91.9M

Proprietary Funds $19.1M

General Fund $43.0M

Special Revenue Funds $2.1M

Debt Service Funds $3.8M

Capital Project Funds $43.0M

Enterprise Funds $8.8M

Internal Service Funds $10.3M

Shakopee Government Television $17k

2016A Go Tax Abatement Bond $2.1M 2019A Go Tax Increment Rev Bond $340k 2020A Go Tax Increment Rev Bond $629k 2022A Go Tax Increment Rev Bond $253k 2022A Go Improvement Bond $494k

Park Development $25.7M Capital Improvement Fund $17.2M Tree Replacement $50k

Sewer Fund $5.4M

Equipment I.S. Fund $4.0M

Lodging Tax $460k

Surface Water Fund $3.4M

Park Asset I.S. Fund $1.2M

Economic Development Authority $782k

Info Tech I.S. Fund $828k

Refuse Fund $0

River City Centre $654k

Building I.S. Fund $3.1M

Opioid Settlement $88k

Self Insurance I.S. Fund $1.2M

Public Safety Funding $80k