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(KLZA)-- No one from the public appeared for public heairngs on the proposed 2025-26 Fiscal Year budget or property tax levy during Monday nights special meeting of the Falls City Council.
Following the hearings, the Council approved the 2025-26 property tax request of $814,000 which is 4 percent higher than the previous year.
The property tax assessment will be 38.747 cents per $100 of assessed valuation which represents a 4 percent decrease from last years 40.416 cents per $100 of assessed valuation.
The city valuation for 2025 increased 8 percent to $210,094,061, an increase of more than $16.4 million.
The total opearating budget for the next fiscal year will be 12 percent higher than the 2024-25 budget. The new figure will be $31,285,135.
The total budget of expenditures includes $11,451,577 for Government Funds and $20,370,973 for Utility / Enterprise Funds.
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