2025 Budget for the City of Shakopee

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Executive Summary

The City’s annual budget is $96.5 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 $96.5M

Governmental Funds $68.5M

Proprietary Funds $28.0M

General Fund $39.7M

Special Revenue Funds $1.5M

Debt Service Funds $3.8M

Capital Project Funds $23.5M

Enterprise Funds $9.7M

Internal Service Funds $18.3M

Shakopee Government Television $41k

2016A Go Tax Abatement Bond $2.1M 2019A Go Tax Increment Rev Bond $342k 2020A Go Tax Increment Rev Bond $627k 2022A Go Tax Increment Rev Bond $255k 2022A Go Improvement Bond $501k

Park Development $9.3M Capital Improvement Fund $14.1M Tree Replacement $50k

Sewer Fund $5.8M

Equipment I.S. Fund $1.9M

Lodging Tax $422k

Surface Water Fund $3.9M

Park Asset I.S. Fund $175k

Economic Development Authority $670k

Info Tech I.S. Fund $1.1M

Refuse Fund $0

River City Centre $224k

Building I.S. Fund $13.6M

Opioid Settlement $84k

Self Insurance I.S. Fund $1.5M

Public Safety Funding $80k