WITH NO INPUT FROM THE PUBLIC AND LITTLE DISCUSSION AT LAST NIGHT’S MEETING, THE GRINNELL CITY COUNCIL APPROVED THE BUDGET FOR THE FISCAL YEAR BEGINNING JULY 1ST. TO SEE THE CITY BUDGET, CLICK ON THE DOCUMENT ICON BELOW.
THE PROPERTY TAX LEVY REMAINS UNCHANGED. CITY CLERK KAY CMELIK SAID IN A PREPARED STATEMENT THAT REDUCED ROLL-BACKS AND GAINS IN PROPERTY VALUE HAVE ALLOWED THE CITY TO KEEP THE LEVY THE SAME…YET STILL GAIN A SMALL AMOUNT OF ADDITIONAL PROPERTY TAXES FOR THE NEXT FISCAL YEAR. THE REGULAR LEVY IS EIGHT DOLLARS AND TEN CENTS PER THOUSAND DOLLARS OF VALUATION. VARIOUS OTHER LEVIES BRING THE TOTAL LEVY TO 14 DOLLARS AND 42 CENTS PER THOUSAND DOLLARS… WHICH IS PROJECTED TO BRING THE CITY MORE THAN THREE-AND-A-HALF MILLION DOLLARS IN REVENUE.
TOTAL REVENUES ARE PROJECTED AT NEARLY 17-POINT-SEVEN MILLION DOLLARS…AND TOTAL EXPENDITURES ARE PROJECTED AT NEARLY 17-POINT-SIX MILLION DOLLARS. THE ENDING CASH BALANCE IS PROJECTED TO BE NEARLY SIX-POINT-SEVEN MILLION DOLLARS.
CMELIK’S MEMORANDUM STATES THAT THE CURRENT FISCAL YEAR WILL SHOW THE COMPLETION OF SEVERAL VERY LARGE PROJECTS… AND CAPITAL PROJECT EXPENDITURES HAVE DECREASED BY TEN MILLION DOLLARS DUE TO THE COMPLETION OF THE DRAKE LIBRARY, THE PUBLIC SAFETY BUILDING AND PHASE THREE OF THE CENTRAL BUSINESS DISTRICT PROJECT. FINAL PAYMENTS FOR THE GRINNELLMUTUALFAMILYAQUATICCENTER WILL BE MADE IN THE UPCOMING FISCAL YEAR. PLANNING FOR THE I-80 HIGHWAY 146 INTERCHANGE PROJECT WILL BEGIN…BUT MINIMAL EXPENDITURES ARE EXPENDED IN THE NEXT FISCAL YEAR.
