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Falls City Council approves Fiscal Year 2020/21 Property Tax Levy and Budget.
(KLZA)--Following two public hearings drawing no input from the public Wednesday evening the Falls City Council voted 7-0 to approve the 2020-21 Fiscal Year Property Tax Levy and Budget.
The total property tax levy will be $712,594 which is an increase of 1 percent or just over $3,800. The property tax levy will be 44.27 cents per $100 of assessed valuation which is one percent less.
The valuation of property within the city limits of Falls City increased $2,892,554 to $160,948,468.
The total operating budget for the City will be $28,837,114 which is a decrease of $2,571,306.
The Council also approved one of the years major expenses which is the city insurance policy which totals $312,563. Only one bid was received for the insurance.
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