Council to consider 11.2% rise in tax levy; Proposed budget on Monday’s meeting agenda
Published 10:29 am Sunday, September 17, 2017
The City Council will consider approval of a proposed tax levy of 11.2 percent during its next regular meeting.
Approved during the Sept. 5 work session, the tax levy would raise the city’s total levy from $5.34 million collected in 2017 to $5.941 million collectable in 2018. It is expected to add $30-$40 a year in property taxes on a $100,000 home and $100 per $100,000 in value on commercial property.
Last year, the Council increased the tax levy for 2017 by nine percent. The increase for 2016 was 13 percent.
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If approved, the council may reduce the levy, but not increase it.
The Council will also be voting on approving a proposed city budget of $33,815,864 for taxes payable in 2018.
The City Council’s next regular meeting will be held at 5:30 p.m. on Monday, Sept. 18, in the City Council chambers located in the basement of City Hall.
The Council will be taking a Public Works project tour in lieu of a work session following the meeting.