The City of Eden Prairie operates with a two-year budget.
Direction for each budget comes from City Council discussions with staff which are informed by past results and input received from residents in a variety of ways, such as Quality of Life Survey data, online engagement and direct communication with the City. While the City Council takes final action on the budget each December, developing the budget is a year-round process.
The public is invited to attend any or all City Council meetings where the budget is discussed. The City also provides additional engagement opportunities for residents who wish to participate in the budget process.
2019 Budget Process Timeline
|March 2||City Council and Staff Planning Session
||Quality of Life Survey Results Presentation to City Council
||2018 Comprehensive Annual Financial Report (CAFR) Presentation to City Council, Financial Policies Review
||Preliminary 2020-2021 Budget and Tax Levy Workshop Presentation to City Council
||City Council Adopts Preliminary 2020-2021 Budget and Tax Levy
||Enterprise Funds Presentation to City Council
||City Council Adopts Final 2020-2021 Budget and Tax Levy
Financial Fact Sheet [PDF]
The City budget is designed to provide Eden Prairie taxpayers with Fire and Police protection; Public Works, such as water, sewer and roads; Parks and Recreation, including caring for more than 1000 acres of parkland and nearly 170 miles of trails; and many other City services.
The budget serves as the foundation for the City’s financial planning and control. The City has a strong budget and financial position. Moody's Investors Service has assigned its highest rating, Aaa, to the City of Eden Prairie’s bonds each year since 2003. Reasons for the consistent bond rating include Eden Prairie’s extensive and diversified tax base, low amount of rapidly amortized debt and capably managed financial operations.
In 2013 City leaders determined that pursuing an additional bond rating from another agency could be financially beneficial. In early 2014, Eden Prairie secured a second AAA bond rating from Standard and Poor's Financial Services.
For more information about the City's financial operations, visit the Finance Division page of the website.