How Waconia is run

Who runs Waconia, what it costs, and where your money goes

The city manager, council pay, the budget, your property tax bill and who provides each service, from Waconia's own public documents. Every number links to its source and says which year it describes. Checked Oct 10, 2026.

Who runs Waconia

A city manager hired by the council runs the city day to day. The council sets policy, adopts the budget and sets the tax rate.

City of Waconia · May 13, 2026

What they are paid

City Administrator Shane Fineran: base payNot confirmedFY2026. City of Waconia · Sep 21, 2026
A council member$6,000 a yearFY2026. City of Waconia · Dec 22, 2025
The mayor$7,200 a yearFY2026. Set by ordinance in 2018. A proposal to raise the mayor's pay to $10,000 from January 1, 2027 failed on December 22, 2025. City of Waconia · Dec 22, 2025

Waconia city staff

54 full-time-equivalent positions. FY2025. City of Waconia · May 13, 2026

The budget shows wages by department. We found no published pay plan or list of employee pay. We name pay only for elected officials and the city manager.

Is Waconia in the red?

Cities must pass a balanced budget, so "profit" and "deficit" mean something different here. The useful questions: does the city's everyday money (the general fund) cover its everyday costs, how much does it keep in savings compared with its own target, and how big are its pension and debt bills.

General fund, FY2026$13.4MOut of $59.6M across all city funds, which includes utilities and other money that can only be spent on one thing. City of Waconia · Dec 22, 2025
Savings grew, FY2025 (audited)+$1.5MGeneral fund revenue $13.2M, spending $9.8M. General fund revenue exceeded spending by $3,370,680 in 2025. After $2,385,625 in transfers out, offset by $376,601 in transfers in and $139,061 from asset sales, the fund balance rose by $1,500,717. City of Waconia · May 13, 2026

Savings against the city's own target

Unassigned general fund balance: $5.6M (2025-12-31). The city's own target: Keep unassigned general fund balance at about 40% of the next year's operating budget, excluding transfers. The city reports the balance at the end of 2025 as 51% of 2026 budgeted spending. The city meets this target. City of Waconia · May 13, 2026

Pension promises not yet funded$1.6MThe city's share of net pension liability in two statewide PERA plans, measured June 30, 2025: $1,463,952 for the general employees plan and $105,461 for the police and fire plan. The volunteer firefighter plan had a net pension asset of $952,425. (2025-06-30). City of Waconia · May 13, 2026
Debt owed$55.7M2025-12-31. City of Waconia · May 13, 2026
Credit ratingAA+ (S&P)2025. City of Waconia · May 13, 2026

Why we skip the "budgeted deficit": many cities plan to dip into savings, then spend less than planned. The audited result tells you what really happened.

Where the money comes from and goes

The general fund only: the city's everyday money for FY2026.

Comes from

  • Property tax levy$10M · 74%
  • Planning and building inspection fees$1.2M · 9%
  • Administration, finance and technology (licenses, fees, cell tower leases)$634,457 · 5%
  • Transfers in from utilities and PEG fund$406,800 · 3%
  • Fire (township contracts and state aid)$394,200 · 3%
  • Law enforcement$309,959 · 2%
  • Streets$304,806 · 2%
  • Other$178,609 · 1%

City of Waconia · Dec 22, 2025

Goes to (FY2026)

  • Administration, finance and technology$2.9M · 21%
  • Transfers to other funds (capital, debt, recreation facilities)$2.5M · 19%
  • Streets$2.1M · 16%
  • Law enforcement (Carver County Sheriff contract) and community safety$1.6M · 12%
  • Parks$1.3M · 10%
  • Planning and inspections$1.1M · 8%
  • Fire$1.1M · 8%
  • Other (central facilities, economic development, recreation)$809,110 · 6%

City of Waconia · Dec 22, 2025

Your property tax bill: who gets it

Minnesota property taxes are mostly set as a rate on a property's tax capacity. This split leaves out voter-approved school levies charged on market value.

46¢

of each property-tax dollar goes to the city of Waconia

  • City of Waconia32.880 operating plus 15.293 debt service.48.173 · 46%
  • Carver County30.934 · 29%
  • Waconia Public Schools (ISD 110)23.278 · 22%
  • Other (special districts)3.182 · 3%
  • Total (percent of tax capacity)105.567

2025 tax capacity rates for property in Waconia (Carver County, Waconia Public Schools ISD 110). City of Waconia · May 13, 2026

See what a Waconia home costs each year, line by line →

Who provides your services

Not everything in Waconia is run by the city. Who provides a service decides whose budget pays for it and whose election decides it.

Compared with similar cities

The cities in this state closest in population that we cover. Read it for scale, not as a ranking: cities provide different services.

WorthingtonMNWaconiaMNBrainerdMNHutchinsonMN
Residents13,97914,11314,42814,655
Top administrator's base payNot confirmedNot confirmed$155,958Not confirmed
Council member payNot confirmed$6,000$6,600Not confirmed
General fund per resident$806$947$980$1,129
Debt per resident$3,350$3,949$2,317$3,168
Unfunded pension per resident$302$111$377$444
City staff per 1,000 residents9.13.85.913.3

Figures as shown in each city's section, divided by its population. Years differ by state, and pension figures are measured differently in each state (each city page says how). Waconia pays another agency for police or fire, so its own staff count is lower.

What Waconia publishes

What a resident can find online today. A "no" is something you can ask the council to publish.

  • Yes: Adopted budget posted onlineThe full 2026 budget book, approved December 22, 2025, is posted on the city's budget page with the financial management plan. City of Waconia · Dec 22, 2025
  • No: City manager's contract findable onlineWe found no posted City Administrator contract or salary. The council held a work session on the contract on September 21, 2026. City of Waconia · Sep 21, 2026
  • Partly: Council votes recorded member by member onlineMinutes name who moved and seconded each motion. On a split vote, as on December 22, 2025, they list each member's aye or nay. City of Waconia · Dec 22, 2025
  • Yes: Council pay stated in a public documentThe December 22, 2025 minutes state the mayor's $7,200 and council members' $6,000 yearly pay, set by ordinance in 2018. City of Waconia · Dec 22, 2025
  • No: Employee pay publishedThe budget shows wages by department. We found no published pay plan or list of employee pay. City of Waconia · Dec 22, 2025

Questions to ask your council

  1. Unassigned general fund balance was $5,582,550 at the end of 2025, 51% of 2026 budgeted spending against a 40% target. How does the council plan to use the amount above the target?
  2. Bonds and notes outstanding were $55,728,751 at the end of 2025, and the city approved two more bond issues in April 2026. How will the debt levy change in the next few years?
  3. The 2026 general fund budget transfers $2,514,675 to other funds for capital, debt and recreation facilities. Which of these transfers are expected to continue each year?

See who is running for council

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