Home Local News CITY COUNCIL PASSES BUDGET WITH $15 PER $100,000 PROPERTY TAX HIKE

CITY COUNCIL PASSES BUDGET WITH $15 PER $100,000 PROPERTY TAX HIKE

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THE SIOUX CITY COUNCIL HAS APPROVED THE ANNUAL BUDGET FOR THE NEXT FISCAL YEAR AND THE CAPITAL IMPROVEMENTS BUDGET FOR FISCAL YEARS 2023 THROUGH 2027.

THE OPERATING BUDGET WILL HAVE A TAX LEVY OF JUST UNDER $15.42 WHICH WILL RESULT IN AN INCREASE OF $15 ON $100,000 OF ASSESSED RESIDENTIAL PROPERTY AND $88 DOLLARS ON $100,000 OF ASSESSED BUSINESS PROPERTY.

THE COUNCIL APPROVED THE BUDGET 4-1, WITH MAYOR BOB SCOTT VOTING NO.

SCOTT NO1 OC…PLACED ON US. :27

MAYOR SCOTT SAYS THE STATE LEGISLATURE IS GOING TO BE DRIVING LOCAL TAX RATES HIGHER:

SCOTT NO2 OC………COMPLAINING NOW. :17

THE NEW FISCAL YEAR FOR THE CITY BEGINS JULY 1ST.