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Estherville Council OKs $16.7m budget for FY ‘13-14

February 18, 2013
By David Swartz - Managing Editor , Estherville Daily News

The Estherville City Council passed its 2013-14 proposed budget with little fanfare at its regular meeting Monday.

The $16,728,821 budget includes a tax levy of 16.50 per $1,000 of taxable valuation. The rate has been constant since 2005.

The property tax rollback as issued by the State of Iowa on residential property has increased from 50.7518 percent to 52.8166 percent. This means that residential property owners will pay tax on a higher percentage of home value and the total tax paid will increase even though the levy remains constant. Since commercial and industrial properties do not have a rollback, they will see no change as a result of the city's levy unless their valuations change. Property valuation is determined by the county assessor.

In other business Monday, the council approved the resolution authorizing a loan agreement for the issuance of $1,125,00 general obligation sanitary sewer improvement bonds.

Estherville City Administrator Penny Clayton reminded council that the project is to replace both cover digesters. Sewer revenues will be used to pay for the bonds.

In other business Monday, council approved the request from the Relay for Life Committee to close the 600 block of First avenue North and parking spaces on the west and east sides of Library Square for the event on June 1.

Council also approved a lease agreement with the Iowa National Guard that lets the Guard use the former gravel pit area on South First Street for training.



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