The city will hold a Truth-in-Taxation Hearing on Monday, December 14 at 7:00 p.m.
The 2021 General Fund expenditure budget is proposed at $5,212,980. The preliminary tax levy increase is set at 4.25%, which equates to a tax levy of $4,311,090.
Based on the preliminary values, the city's share of property taxes would increase by $34 annually on a median valued home, which is projected to value $387,500 in 2021. The proposed levy increase goes to support the following: increases in public safety contracts, reduced use of fund balance and projected wage and benefit increases.