HomeMy WebLinkAboutFY2020 Maximum Levy Hearing NoticeCITY NAME CITY CODEIowa City 52-483
Meeting Date:Meeting Time:
2/18/2020 7:00 PM
Current Year Certified
Property Tax
Budget Year Effective
Property Tax
Budget Year Proposed
Maximum Property Tax Annual
2019/2020 2020/2021**2020/2021 % CHG
1 3,806,513,568 4,172,675,883 4,172,675,883
2 $30,832,760 $30,832,760 $33,798,675
3 $0 $0 $0
4 $3,616,188 $3,616,188 $3,964,042
5 $0 $0 $0
6 $0 $0 $0
7 $0 $0 $0
8 $1,105,564 $1,105,564 $1,211,912
Support of Local Emer. Mgmt. Commission 9 $0 $0 $0
10 $0 $0 $1,001,442
11 $3,731,297 $3,731,297 $4,090,224
12 $3,721,172 $3,721,172 $4,079,124
13 $4,896,433 $4,896,433 $5,784,706
14 $47,903,414 $47,903,414 $53,930,125 12.58%
15 $12.58459 $11.48026 $12.92459
If applicable, the above notice also available online at:
*Total city tax rate will also include voted general fund levy, debt service levy, and capital improvement reserve levy
**Budget year effective property tax rate is the rate that would be assessed for these levies if the dollars requested is not changed in the coming
budget year
NOTICE OF PUBLIC HEARING -PROPOSED PROPERTY TAX LEVYFiscal Year July 1, 2020 - June 30, 2021
The City Council will conduct a public hearing on the proposed Fiscal Year City property tax levy as follows:
Meeting Location:
410 E Washington St, City Hall
At the public hearing any resident or taxpayer may present objections to, or arguments in favor of the proposed tax levy.
After adoption of the proposed tax levy, the Council will publish notice and hold a hearing on the proposed city budget.
City Web Site (if available):City Telephone Number:
icgov.org (319) 356-5041
Iowa Department of Management
Regular Taxable Valuation
Tax Levies:
Regular General
Contract for Use of Bridge
Opr & Maint Publicly Owned Transit
Rent, Ins. Maint. Of Non-Owned Civ. Ctr.
Opr & Maint of City-Owned Civic Center
Planning a Sanitary Disposal Project
Liability, Property & Self-Insurance Costs
Emergency
Significant increases in the budget are the result of several different City Council strategic initiatives, including the addition of permanent staff, an
increase in temporary employee wages, maintaining Affordable Housing initiatives, and expanding Climate Change and social justice programs . Additionally, health insurance costs increased by 16% in fiscal year 2020 and are expected to increase another 10% in fiscal year 2021, and employee wages grew by approxiamtely 4%.
icgov.org
Police & Fire Retirement
FICA & IPERS
Other Employee Benefits
*Total 384.15A Maximum Tax Levy
Calculated 384.15A MaximumTax Rate
Explanation of significant increases in the budget: