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Proposed Seneca city budget keeps mill levy steady

By Greg Bebermeyer and Heidi Wolfgang

07/12/2021

(KMZA)--The Seneca City Council has approved for publication a proposed 2022 budget that calls for the property tax levy to remain steady.

The Council took the action during their regular meeting last week.

The proposed budget contains an estimated tax rate of 32.585 mills, which is to raise nearly $830,000 in local tax revenue.

Even through the property tax levy will remain the same, the city will collect $30,000 in additional tax revenue due to a $920,000 increase in the city's assessed valuation.

As required by a new state law, the Council approved a notice to be sent to the Nemaha County Clerk of the city's intent to exceed the revenue neutral rate.

The new law establishes a “ revenue neutral rate”, which adjusts the effective tax rate to account for an increase in assessed valuation.

Local government entities that plan to exceed the revenue neutral rate are required to hold a special public hearing in addition to the regular public hearing on the budget.

The Seneca City Council will hold both hearings during their September 1st meeting.

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