The Minneapolis Board of Estimate and Taxation is a six-member board established by the Minneapolis city charter to “coordinate in the general interest [the City’s] various taxes and taxing and borrowing powers.”
The six members of the Board are:
- the Mayor
- the City Council president
- the chair of the City Council budget committee
- a commissioner chosen by and from the Park Board
- two members elected from the city at large, every four years
The board has the power to establish the City’s maximum property tax levy—that is, it can set the maximum amount of annual property tax revenue for the City (including for the City’s Park Board and Public Housing Authority)—and to authorize city borrowing against future tax revenues.
With these powers, the Board plays an important role in determining the level of public service and public investment that the City can provide for its residents.