2025 Budget for the City of Shakopee

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Executive Summary The City’s governmental funds tend to be an area of high visibility as it includes the City’s property tax levy. The total tax levy (including the EDA) for the 2025 budget is $27,244,050, which is a 4.89% increase over 2024. For a median-valued home of $350,700, this would be an estimated increase of $22 or 2.46%. The levy includes a $23,235,050 operating levy, $2,189,000 debt service levy, capital improvement levy of $1,200,000 and $500,000 Economic Development Authority levy.