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Proposed Seneca city budget contains mill levy increase
(KMZA)--The Seneca City Council has approved for publication a proposed 2021 budget that calls for a 1.8 mill property tax levy increase.
City Administrator Matt Rehder said the Council took the action when they met last week.
The proposed budget contains an estimated tax rate of 34.414 mills, which is the maximum allowed under the state's tax lid. It would bring in nearly $845,000.
Rehder said the intent is to lower the levy to where it was at last year, 32.588 mills, before giving final approval. He said that would bring in just under $800,000 and should meet the city's financial needs.
The city's assessed valuation increased by a little over $645,000.
Following publication of the budget, the mill levy can be lowered, but not increased.
The Council will consider adoption of the budget following a public hearing at their August 5 meeting.
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