(KNZA)--The Hiawatha City Commission is proposing a 2024 city budget that calls for total expenditures of $9.3 million and a 1.4 mill levy increase.

The Commission approved the budget for publication last week.

It contains an estimated tax rate of 42.459 mills, which is anticipated to raise more than $1.3 million in local property tax revenue.

The budget is built on an assessed valuation of nearly $31 million, which is an about $344,000 increase from last year.

One mill equals $1 in tax for every $1,000 of assessed property valuation.

The commission will consider adoption of the budget following a public hearing at their September 11th meeting. Prior to the budget hearing, the commission will hold a second public hearing on its intent to exceed the revenue neutral tax rate of 36.475 mills.