Budgeting for a Resilient City

Living up to our city’s promise requires that our budgets match our values: We must invest in the common good, plan for the long term, and use our tax dollars responsibly to create a Minneapolis that’s financially resilient for everyone.

When we leave some of our neighbors behind, we increase the risks to everyone. As we’ve seen in the past years, while economic downturns hit vulnerable neighborhoods hardest, no one is immune from the ripples; stable neighborhoods carry the weight of funding the city via their property taxes when vulnerable neighborhoods aren’t able to participate in the city’s prosperity. Investing in progressive, equity-focused programs isn’t just the right thing to do. It protects us all.

The current council member frequently opposes policy measures designed to make Minneapolis a more financially resilient city. She voted to cut programs to increase homeownership rates and reduce the devastating economic disparities between neighborhoods in order to save a small amount in property taxes—about enough for one cup of coffee per year, for the average homeowner.

Meanwhile, instead of promoting long-term spending plans that ensure that the City is keeping up with maintaining our streets and sewers and other fixed costs, the current council member is pushing the City back toward a failed pattern of year-to-year budgeting that will hurt property taxpayers down the road. Real fiscal responsibility requires more than taking a symbolic vote against the City’s budget year after year.

As council member, I will support budgets with structural integrity and long-term thinking that plan 10 and 20 years ahead, by:

  • Building high-quality public space in lower-income neighborhoods to encourage stability
  • Carefully applying tools like Tax Increment Financing, where appropriate, to spur growth where it would not otherwise occur
  • Ensuring long-term infrastructure investments serve all of our residents.