It is budget time for the cities in Iowa. Due to new legislation, cities are required to hold two public hearings prior to approving a new budget. All cities must pass a resolution establishing the maximum property tax dollars to certify for the levy, as defined in Section 384.15A of the state code. The new legislation also created a 2% threshold that applies to the revenue derived from certain levies. If the city’s planned revenue growth from those levies increases by more than 2%, the council must pass a resolution by at least two-thirds of the members. Along with the new resolution, all cities must post notification and hold an additional public hearing and vote on the maximum property tax dollars to certify for the levy. The Max Levy public hearing is set for the Tuesday, January 25th council meeting. Meeting will be held at 6:00pm in the Council Chambers at City Hall. Once the maximum property tax dollars resolution is adopted, the city can proceed to adopt the annual city budget. The entire process must be completed by March 31, 2021 and approved budgets are submitted to the Department of Management. Below is the link to the public hearing and approved resolution.
Maximum Tax Levy Resolution