COUNCIL BLUFFS — Council Bluffs residents seem to approve of Mayor Matt Walsh’s city operating budget for the 2015 fiscal year.
That’s because hardly anybody attended Monday evening’s City Council public hearing on the budget, and those who did expressed no questions or concerns about it.
The council, however, did not officially approve the budget and instead continued the public hearing and its own vote until its next meeting on March 10. City budgets aren’t due to the state for verification until March 17, Councilwoman Lynne Branigan said.
Walsh’s first city operating budget, which starts July 1, proposes no increase in the city’s tax levy. It’s the ninth consecutive year with no levy increase, City Finance Director Art Hill said.
The city’s levy will remain at $17.75 per $1,000 of taxable property valuation.
However, homeowners will have to pay more in taxes because the state-regulated rollback, a taxing method that ties together agriculture and residential values, has decreased, which means that more of a homeowner’s property is being taxed.
For example, the owner of a $100,000 home will have to pay $965.60 in city taxes, a jump from $937.49 this year.
Total revenues for the city next year are projected to be $119,580,906, a 2.87 percent increase from this year.
Total spending for next year is projected to increase 4.76 percent, to $121,296,608.
New three-year wage contracts for fire and police personnel will go up by 2 percent, Hill said. No new positions will be added, he said.