Property tax payers in Toledo will see the city's asking drop 8% next year to $15.66 per $1,000 tax valuation. That's down from the current $17.03. Total property valuation for the city is $67.2 million.
The decrease is due largely to a shift in all payments for the sanitary sewer plant to General Obligation Bond financing from revenues. Since the plant was completed in late 2009, the payments had been financed partly by revenues and partly by property tax levy according to City Clerk Julie Wilkerson.
The 2014-15 budget was approved Monday night, March 10, by the city council on a voice vote.
It also shows a slight decrease of just over $65,000 or 3.5 percent to $1,771,779 in the city's operating budget.
The over all city budget for 2014-15 tops $5.7 million, but this includes $2.8 million in anticipated cost for construction of a new water treatment plant. The plant is projected to exceed $3 million in total cost. The $2.8 million figure only pays for work expected to be billed during the 2014-15 fiscal year.
The budget total also reflects $427,370 for water utility and $373,393 for sewer utility operation expenses.
Kelli Scott, project engineer for the water plant, told the Chronicle the project will be bid in coming months and has an anticipated 18-month construction period.
By operating division the new 2014-15 budget breaks down this way: (2013-14 budget amounts in parenthesis): Public Safety- $641,233 ($606,360); Public Works 387,589 (372,927); Health and Social Services 13,100 (7,000); Culture and recreation 333,074 (349,771); Community and economic Development 3,512 (3,512); General Government 162,114 (163,124).
In a second budget matter, on a voice vote, the council approved amending the current budget in a total amount of $76,470.
This reflects added costs for extras including labor for water main break repairs, police training for new officers , laptop computers for police, new sewer treatment plant equipment and fire truck repairs.
In other business on Monday, March 10, the council:
postponed farm-to-market road repairs until 2015. The city has been approved for $300,000 in funding for the work with a 25 percent city fund match.
set the city-wide spring clean up day for Friday, April 25. It was noted help from Iowa Juvenile home students which has become a tradition will likely not be available unless the closing of the state facility here is reversed.
considered a bid and discussed options for tinting the glass in the doors on the west side of the Toledo Police Station. The project was delayed until after July 1 for the new budget year.
approved the LepBARchaun Dash route and an outdoor beer tent for Bumblebee's for the Saturday, March 15, event.