“Property tax rates on council's agenda for Monday meeting” plus 2 more |
- Property tax rates on council's agenda for Monday meeting
- Tax rolls confirm revenue reduction
- Tax levy down, property values up
| Property tax rates on council's agenda for Monday meeting Posted: 20 Aug 2010 03:35 PM PDT The Sedalia City Council will consider an ordinance that would maintain current property tax rates for the next year at its meeting and work session Monday night. The council will host a public hearing at 6 p.m. in the mayor's conference room at City Hall on the proposed property tax rates, before voting on an ordinance to establish the rates for the next year. According to the meeting agenda, the proposed rates, which were developed by the city finance director based on the state auditor's calculation form, are identical to those the council passed last year. The ordinance the council will consider would set the city property tax at 91.9 cents per $100 of assessed valuation and a rate of 61.76 cents per $100 of assessed valuation in the special business district. During the meeting, the city also will host a public hearing on the annexation of a parcel of land between Lowe's and Holiday Inn Express in west Sedalia, where Tractor Supply Company, a retail business new to the city, is planning to move in this fall. Council members also will hear a presentation on a reorganization plan for the Public Works Department. The proposed restructuring is designed to improve the department's management structure and address growing needs in its fleet management operation, according to the agenda. The council also is expected to review a measure amending the job description of the city's assistant finance director. This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php |
| Tax rolls confirm revenue reduction Posted: 20 Aug 2010 10:33 PM PDT Certified property tax rolls were released on Thursday, with The Colony officially bringing in $2.1 billion. Though there was new construction in town last year with a taxable value of approximately $53 million, existing values decreased by about $105 million, resulting in a net reduction of $51.9 million, Finance Director Rebecca Lai said./File photo The final numbers are in, and the city of The Colony is facing a 2.4-percent reduction in property tax revenue for the next fiscal year.The certified tax rolls were released on Thursday, with The Colony officially bringing in $2.1 billion in property taxes. Though there was new construction in town last year with a taxable value of approximately $53 million, existing values decreased by about $105 million, resulting in a net reduction of $51.9 million, Finance Director Rebecca Lai said. Despite the dip, no one is pushing the panic button at City Hall. Lai said the city has been planning ahead for months in anticipation of a decline in tax revenue. �We have been working to reduce the budget so as to bring everything to a balanced budget,� Lai said. Reductions have included the elimination of 14 staff positions as well as line-items within city departments.Lai said no more personnel layoffs are planned, and because the cuts are coming from within city departments, residents should not notice a difference in terms of services. �The little bits that we have to change are coming out of departments� line-items without affecting personnel or services. We are trying to maintain the same level of services. It�s difficult but we are working on it,� she said. �No program has been cut.� Once approved by the city council, the budget will be officially adopted on Sept. 21. A public hearing on the budget is scheduled for 7 p.m. Aug. 17 at City Hall, at which residents are encouraged to attend and share their opinions on the financial direction of the city. City staff members will make a formal presentation of the proposed budget, which includes a .25-cent reduction to the tax rate, at the next city council meeting, scheduled for 7 p.m. Monday. A public hearing specifically related to the tax rate is scheduled for 7 p.m. Sept. 7. Once finalized, the budget will take effect at the start of the next fiscal year, Oct. 1. The following are comments from the readers. You must register with a valid email to post comments. Registered users sign in here: This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php |
| Tax levy down, property values up Posted: 21 Aug 2010 05:03 AM PDT The North Platte Telegraph Property owners could see a slight decrease in the amount of taxes they pay to the city of North Platte if the 2010-11 budget is approved as submitted. The 1.15 percent decrease in the overall city levy reflects the city's general fund, its fire and police pension fund and the amount levied to repay the city's debt. Projected property valuations in North Platte have increased an estimated 1.7 percent this year, from $1.18 million to $1.2 million. The city is asking for $3.25 million in property taxes for 2010-11, making up 14 percent of the general fund budget. "The amount of property tax the city receives each year has remained the same for several years," said City Administrator Jim Hawks noted. "Since we kept that amount fixed and valuations grow, we are able to lower the levy." The total city levy (excluding the Airport Authority) is projected at 47.46 cents per $100 of valuation, compared to 48.01 cents per $100 in 2009-10. Presenting the budget to the city council Tuesday night, Mayor Marc Kaschke said it represents the second consecutive year of significant cuts and/or flat spending. Hawks took the council through the proposed budget line by line, beginning with projected revenues and continuing his way through several city departments before time ran out on the council's first budget work session. The sessions will continue today and Thursday at 5 p.m. at the Public Service Building conference room. Hawks noted that sales tax revenues, which comprise 29 percent of the general fund's money, are projected at $6.9 million for 2010-11, up $100,000 from 2009-10. The proposed budget shows no cost of living increase for any city employees, including police and fire. Hawks told the council that negotiations with the unions are underway and they are working towards a goal of extending the current contract with no increased. Kaschke praised the employees for their willingness to sacrifice this year by forgoing raises. The economic situation across the state continues to be challenging," Kaschke said. "To address this reality, we put the city on a diet. We didn't try any fad or crash diets. We worked diligently to trim expenses and remain committed to shrinking city government's waistline." It's a budget to be proud of, Kaschke said, and it reduces taxes and invests in the city's future. Click on this story at nptelegraph.com to post your comments, or e-mail diane. wetzel@nptelegraph.com. This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php |
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