2019 City of Shakopee Comprehensive Annual Financial Report

CITY OF SHAKOPEE

MANAGEMENT’S DISCUSSION AND ANALYSIS December 31, 2019

REQUESTS FOR INFORMATION This financial report is designed to provide a general view of the City’s finances for all those with an interest in the City’s finances. Questions concerning any of the information provided in this report or requests for additional information should be addressed to the Finance Director, 485 Gorman St., Shakopee, Minnesota, 55379. The 2020 City property tax levy is increasing by $1,150,000 to $20,730,500. Despite the levy increase the tax rate will decrease as a result of new growth. The 2020 levy will provide $900,000 of additional funding to capital infrastructure and park development.

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