Posted August 30, 2024 06:30am
(KMZA)--The city of Seneca is proposing a 2025 budget that calls for total expenditures of $12.4 million and maintains the same tax levy as the past several years.
The proposed budget contains an estimated tax rate of 32.583 mills, which is anticipated to generate more than $1 million in tax revenue.
Even though the mill levy will remain the same, the city will collect more than $58,000 in additional tax revenue due to a $1.7 million increase in the city's assessed valuation.
The Seneca City Council will consider adoption of the budget following a public hearing at their September 4th meeting. A hearing will also be held at the meeting on the city's intent to exceed the revenue neutral tax rate, which is 30.879 mills