Published by admin on Wed, 01/18/2023 - 2:30pm
Sally Hinrichsen, our city clerk/treasurer, has been working diligently on the city budget. She has received the numbers for taxable valuations that include changes to tax classifications and valuations.
The city's taxable valuations have dropped from $145,194,423 in 2023 to $142,862,881 in 2024. This is a loss of $2,331,542.
With these numbers, the city will receive $18,568 less in property taxes in 2024 than in 2023.
With the cost of everything increasing, this will create a real problem with the city budget.