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(KNZA)--The Seneca City Council next week will consider adoption of a proposed 2024 city budget that calls for total expenditures of $14 million and maintains the same tax levy.
According to budget hearing notice, the budget contains an estimated tax rate of 32.576 mills, which is anticipated to generate 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.
The Council will consider adoption of the budget following a public hearing at their September 6th meeting. A second public hearing will be held prior to the budget hearing on the city's intent to exceed the revenue neutral tax rate of 28.01 mills.
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