HomeMy WebLinkAboutSupplemental Attachments - 2/17/2020,Awa,,44ad__
CITY NAME
Waterloo
NOTICE OF PUBLIC HEARING -PROPOSED PROPERTY TAX LEVY
Fiscal Year July 1, 2020 - June 30, 2021
CITY CODE
07-054
The City Council will conduct a public hearing on the proposed Fiscal Year City property tax levy as follows:
Meeting Date:
Meeting Time:
Meeting Location:
At the public hearing any resident or taxpayer may present objections to, or arguments in favor of the proposed tax levy.
After adoption of the proposed tax levy, the Council will publish notice and hold a hearing on the proposed city budget.
City Web Site (if available):
City Telephone Number:
Iowa Department of Management
Current Year
Certified Property
Tax
2019/2020
Budget Year
Effective Property
Tax
2020/2021**
Budget Year
Proposed
Maximum Property
Tax
2020/2021
Annual
% CHG
Regular Taxable Valuation 1
Tax Levies:
Regular General 2
Contract for Use of Bridge 3
Opr & Maint Publicly Owned Transit 4
Rent, Ins. Maint. Of Non -Owned Civ. Ctr. 5
Opr & Maint of City -Owned Civic Center 6
Planning a Sanitary Disposal Project 7
Liability, Property & Self -Insurance Costs 8
Support of Local Emer. Mgmt. Commission 9
Emergency 10
Police & Fire Retirement 11
FICA & IPERS 12
2,352,622,826
2,333,982,545
2,333,982,545
$19,056,245
$19,056,245
$18,905,246
$0
$0
$1,414,374
$1,414,374
$1,462,588
$O
$0
$0
$0
$0
$0
$1,284,685
$1,284,685
$1,431,858
$94,675
$94,675
$96,012
$635,208
$635,208
$630,175
$4,284,537
$4,284,537
$4,642,743
$2,067,966
$2,067,966
$2,113,495
Other Employee Benefits 13
$4,691,991
$4,691,991
$6,722,163
*Total 384.15A Maximum Tax Levy 14 $33,529,681 $33,529,681 $36,004,280 7.38%
Calculated 384.15A MaximumTax Rate 15 $14.25204 $14.36587 $15.42611
FYE2021 DEPARTMENT ADDITIONAL NEEDS BUDGET DRAFT- CITY OF WATERLOO 2/17/2020
GENERAL FUND
A
B
C
E
F
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
2019/2020 2020/2021 Change
Maximum Tax Levy $ 14.25204 $ 15.42611 $ 1.11741
Grout/Library $ 0.54000 $ 0.54000
Debt Service $ 2.75595 $ 2.75827 $ 0.00232
$ 17.54799 $ 18.72438 $ 1.11973
Residential Tax Askings Tax % Change
FYE2021 1,569.89 3.25%
FYE2020 1,520.51 2.87%
FYE2019 1,478.07 -3.11%
FYE2018 1,525.58 2.33%
FYE2017 1,490.84 1.77%
Commercial Tax Askings Tax % Change
FYE2021 12,679.87 6.70%
FYE2020 11,883.22 -0.30%
FYE2019 11,820.90 -0.82%
FYE2018 11,918.44 -0.03%
FYE2017 11,921.98 -0.89%
Multi -Residential Tax Askings Tax % Change
FYE2021 6,670.57 -2.95%
FYE2020 6,580.50 -4.26%
FYE2019 6,873.28 -5.33%
FYE2018 7,260.00 -4.38%
FYE2017 7,592.25 -5.02%
Do my property taxes pay all the City's expenses?
No, They Don't!
TIF Revenues
6%
Debt Proceeds
12%
Other
4%
Charges
for Services.'
19%
State & Local Funds
9%
Federal Funds
8%
For the Year Ending 6-30-20
Property Taxes
/- 29%
Other
City Taxes
11%
Licenses & Permits
Interest 1%
1%
1.54%
0.23% \_ 3.43%
3.11%
For the Year Ending 6-30-2020
What tax levies does the city use?
• $8.10 General Services Levy
Transit Levy
Liability Insurance Levy
• Emergency Mgmt Levy
Grout - Voted Levy
Employee Benefits Levy
Library - Voted Levy
Emergency Levy
Debt Service Levy