Spencer Council Continues Budget Talks
By charguth February 23, 2021 10:50 am
Saga Communications
Spencer, IA (KICD) The Spencer city council met in workshop session Monday night in an ongoing effort to arrive at a consensus on property taxes for the upcoming year.
The three-member budget committee advocated a property tax increase from 12 dollars 53 cents per thousand dollars assessed valuation, to 12 dollars 70 cents.
Under a new state law the city council must approve a maximum levy rate each year, and that 12 – 70 figure is on the agenda for next Monday night’s regular meeting.
Councilman Ron Hanson said he’ll vote for that maximum amount next week, but vote to keep the actual levy where it is when the budget comes up for approval.