Posted July 16, 2021 11:33am
(KNZA)--The 2022 Hiawatha city budget has adopted as published.
That came following a hearing at Monday's Hiawatha City Commission meeting, which drew no public comment.
The $8.9 million budget calls a slight decrease in the property tax levy.
It contains an estimated tax rate of 46.259 mills, which is to generate more than $1.1 million in local tax revenue.
Despite a $439,000 increase in the city's assessed valuation, the city did not exceed the revenue neutral rate as established by legislation approved this year by the Kansas Legislature. The “ revenue neutral rate” adjusts the effective tax rate to account for an increase in assessed valuation.