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Seneca City Hall
(KMZA)--The 2024 budget for the city of Seneca has been finalized.
The Seneca City Council unanimously approved the budget following a hearing at their September 6 meeting drawing no public comment.
The Council also approved a resolution to exceed the revenue neutral tax rate following a second public hearing prior to the budget hearing.
The budget calls for total expenditures of $14 million and maintains the same property tax levy.
It calls for the city to collect more than one-million dollars in local tax revenue.
Even though the mill levy will remain the same, the city will collect around $142,000 in additional tax revenue due to a more than $4 million increase in the city's assessed valuation.
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