12/16/2013 10:58:00 AM City portion of taxes to increase
By David Richards
The Byron city council discussed its proposed $1.93 million 2014 budget at the Dec. 10 council meeting at city hall.
The final budget for 2013 was $1.81 million.
The meeting included the annual Truth and Taxation hearing, which gives residents a chance to comment on the propose budget.
One resident did, who was concerned about his estimated tax hike that he received in the mail from the city.
Mary Blair-Hoeft, city administrator, agreed to look into the resident's questions, and added that since those first statements were sent out, the finance committee made some adjustments that lowered the tax impact on residents.
For 2014, if the budget is approved at a later meeting as written, residents can expect to see a $43 annual increase in the city's portion of their taxes on a house valued at $150,000. The amount shown on original statements was $70. For a $250,000 home, taxes would raise $71; $99 for a home assessed at $350,000; and $128 for a home assessed at $450,000.
Blair-Hoeft said the reason behind the increase is the East Frontage Road bond, which added nearly $1 million to the project with the addition the work on 10th Avenue and the construction of the roundabout.
Other items of note on the budget include an increase in Local Government Aid of $120,965, which the finance committee would like to dedicate much of to the deficit of the first portion of the Frontage Road Project.