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(KNZA)--The Horton City Commission is proposing a 2020 city budget that maintains the same property tax levy.
The proposed budget, approved for publication, calls for net expenditures of nearly $4.3 million.
It contains an estimated tax rate of 67.762 mills, which is to generate nearly $441,000 in revenue.
Even though the mill levy will remain unchanged, the city will collect an additional nearly $18,000 in local taxes due to an about $258,000 increase in the city’s assessed valuation.
The Commission will consider adoption of the budget following a public hearing at their August 12 meeting.
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