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Tama looks to 4.5 percent property tax hike in 2015 budget

February 10, 2014
By John Speer - Editor (j) , Toledo Chronicle, Tama News-Herald

By John Speer

Editor

jspeer@tamatoledonews.com

An increase totaling 4.5 percent in property tax askings is among items in the proposed fiscal year 2014-15 Tama city budget, City council members set a hearing on the budget for March 3 in action at their regular council meeting on Monday night.

If adopted, property tax would be calculated at $18,44 per $1,000 valuation, up 80 cents from the current $17.64. These amounts do not reflect property taxes for school and county.

City Clerk Judy Welch said the boost would raise an additional $67,333 which is needed to pay increased workmen's compensation and health insurance costs for city employees.

The taxes would generate a total of $1,072,820 in revenue, Welch said.

The total budget spending estimate for 2014-15 is $2,948,692.

Audit Review

Council members also heard a report Monday on the 2013-14 city audit from Christopher Nelson, of the Growewold, Bell, Kyhh and Co. CPA firm, Atlantic.

By department, city expenses for fiscal 2013 included (2012 costs follows in parenthesis) - Public Safety- $826,533 ($710,605); Public Works- 567,921 (557,856); Culture and Recreation 288,261 (285,554); Community and economic development 532,168 (57,421); General Government 167,560 (156,333); Capital projects 58,682 (475,411).

The audit notes increases from 2012 to 2013 were mainly from state and federal funding for grant projects and the re-issuance of pool bonds. The pool bond change will result in a savings over the term to the city.

The police department added a new vehicle and radio equipment costing $43,500 and spent $8,000 to send one officer to school.

In the Culture and Recreation account, a total of $25,000 was spent to resurface a roadway at Oak Hill Cemetery.

The report found no problems other than the routine recommendation for segregation of duties in handing the city accounting. This is made annually and it is noted the city does not have enough employees to do so.

In other business the council:

approved a Project Prom donation totaling $250.

approved a Economic Development and Revitalization grant totaling $4,000 for Marty Hardon for interior work on a downtown building for business space and apartments at 127 West 3rd St.\

discussed new flooring for the City Clerk's Office in the Tama Civic Center.

 
 

 

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