Minneapolis Board of Estimate and Taxation (BET)

JOB DESCRIPTION
Oversees the city’s budget operations and audits the city’s finances. The board is made up of six members. Two members are elected by the voters. The unelected members are the following:
1. Mayor
2. City Council President
3. City Council member who chairs the Council budget committee
4. Park and Recreation Board Commissioner

Length of term: Four years for the elected members
Salary: The two elected members receive a per diem

OFFICIAL DUTIES
• Coordinates various taxing and borrowing powers for the City
• Holds public hearings to gain citizen input regarding maximum tax levies for certain City tax funds, and sets maximum tax levies for the following funds: the City Council, the Park and Recreation Board, and the Board of Estimate and Taxation
• Issues General Obligation Bonds of the City in support of the Capital Program

For more information: www.minneapolismn.gov/government/boards-and-commissions/bet