City Certifies Maximum Tax Levy/Holds Budget Hearing
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%, as did the City of Huxley, 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. 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, 2022 and approved budgets are submitted to the Department of Management. Below are links to the public hearings and resolutions.