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Proposed Seneca city budget keeps mill levy steady

By Greg Bebermeyer

08/22/2022

Seneca City Hall

(KMZA)--The Seneca City Council has approved for publication a proposed 2023 city budget that calls for net expenditures of nearly $15.4 million and no change in the mill levy from the city's 2022 budget.

The proposed budget contains an estimated tax rate of 32.591 mills, which is to generate nearly $893,000 in local tax revenue.

A mill is $1 in taxes for every $1,000 in assessed valuation.

Even though the mill levy will remain unchanged, the city will collect nearly $63,000 in additional tax revenue due to a $1.9 million increase in the city's assessed valuation. The city's assessed valuation increased to nearly $27.4 million.

The Council will consider adoption of the budget following a public hearing at their September 7 meeting. The Council will hold a separate hearing on its intent to exceed its revenue neutral rate of 30.302 mills.

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