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Posted on: August 14, 2020

Approved FY 20-21 Budget and Tax Rate

FY 20-21 Final Budget Approved - Cover

On Aug. 24, 2020, the City Council held a public hearing and approved an FY 20-21 Tax Rate.  The City Council approved a Tax Rate of 0.529000 per $100 of Taxable Assessed Value (TAV).  This represents a 2.1 cent tax rate reduction from last year’s tax rate of .550000 per $100 of TAV.  

On Aug. 21, 2020, the City Council held a public hearing and approved the City’s FY 20-21 Annual Budget.  (This budget will raise more total property taxes than last year’s budget by $22,212 (3.9%), and of that amount, $8,093 is property tax revenue to be raised from new property added to the tax roll this year.)

To view copies of the Ordinances adopting the FY 20-21 Tax Rate and Budget and to view a copy of the approve FY 20-21 Annual Budget, visit the City’s Financial Transparency page.

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