City Receives Distinguished Budget Presentation Award The City of Chanhassen has received the Government Finance Officers Association (GFOA)’s Distinguished Budget Presentation Award for its 2024 Budget Book. This is the first time the city has received this award. In order to receive this award, a governmental unit must publish a budget document that meets the program criteria as a policy document, as a financial plan, as an operations guide, and as a communications device. You can view the 2024 Budget Book on the city’s website at ChanhassenMN.gov/FinancialReports. TAX INFORMATION & CITY AUDIT
Crystal 48.4% Robbinsdale 47.9% Richfield 52.2% Golden Valley 54.2% Brooklyn Center 56.8% New Hope 58.3% Hopkins 60.0%
Waconia 44.8%
Savage 37.6%
Prior Lake 30.4% Chaska 31.2% Rogers 33.6% Champlin 35.3%
Average Tax Rate 43.3%
Victoria 28.4%
0% 10% 20% 30% 40% 50% 60% 70% Chanhassen 21.0%
Chanhassen receives 21 cents of every residential property tax dollar (based on a $500,000 residential property).
Property Tax Dollar Distribution For 2024, the City of Chanhassen receives 21 cents of each residential property tax dollar paid (based on a $500,000 home in
city’s Annual Comprehensive Financial Report (ACFR) for the fiscal year 2023 fairly presents the financial position of the city in all material respects and in conformity with generally accepted accounting principles in the U.S. In other words, the city received a “clean” audit opinion. You can review the 2023 ACFR on the City’s website at ChanhassenMN.gov/FinancialReports. The City has applied to the Government Finance Officers Association (GFOA) to receive the Certificate of Achievement for Excellence in Financing Reporting Award for its 2023 ACFR. The city has received this award for thirty-one consecutive years.
the I.S.D. 112 school district). Tax Rate Comparisons
Chanhassen has the lowest tax rate compared to other cities in Carver, Hennepin, and Scott counties, with a population between 10,000 and 40,000 for taxes payable in 2024. City Receives Clean Audit Opinion The city’s independent auditor expressed the opinion that the
MARKET BOULEVARD PROJECT
Market Boulevard is one of the main entry points into downtown Chanhassen. The latest data indicates the street experiences 13,000 vehicles per day (VPD). It’s classified as a Major Collector and is on the city’s Municipal State Aid (MSA) System. The street, sidewalk, and trails are due for pavement replacement, but other access and mobility improvements are also needed. The design kicked off in the spring of 2023, and construction is planned for 2025. The project is anticipated to cost approximately $7 million and will be funded by various sources, including MSA, Property Assessments, TIF, and City Pavement Management and Utility Enterprise funds. This corridor is critical to the city’s Downtown Vision and the proposed Civic Campus project. Be on the lookout for public engagement outreach events and scan the QR code to sign up for automatic project updates via email. For more information on the project, visit the website: ChanhassenMN.gov/Projects.
WELCOME TO OUR NEWEST CITY STAFF
Staff members who were hired from April 1 - June 30
Kate Vogt | Admin Support Specialist Patrick Kirschbaum | Mechanical/Plumbing Inspector
Ben Phillips | Engineering Technician Adam Jandro | Engineering Technician Luke Kegley | Recreation Supervisor
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CITY OF CHANHASSEN | FALL 2024
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