The City of Monticello, Iowa
IN THE NAME AND BY THE AUTHORITY OF THE CITY OF MONTICELLO, IOWA
RESOLUTION #2023-44
Re-Scheduling Public Hearing on the City of Monticello 2023/2024 Fiscal Year budget for April 3, 2023 at 6:00 p.m.
WHEREAS, The Iowa Code requires that that the City of Monticello hold a Public Hearing on the proposed budget for the coming fiscal year, prior to the final approval of same, and
WHEREAS, Senate File 181 (SF181) was signed into law by Governor Reynolds on February 20, 2023. The signing of SF181 into law has affected the city budget process in a few ways. First is that the rollback on residential property is being lowered from 56.4919% to 54.6501%. This will result in a reduction in taxable valuation in the residential, commercial, industrial and railroad property classes. This means that the amount of property tax dollars that you can get at the same rate will be lower than under the previous taxable valuation, and
WHEREAS, SF181 also changes the submission deadlines for budgets to April 30 for this year only, in order to allow cities more time to complete their budget after the revised taxable valuation is reported. The budget must be submitted to the County Auditor by no later than April 30 2023, and
WHEREAS, The State of Iowa Department of Management Director stated the “best practice is to wait until after the revised taxable valuation has been submitted on March 9 to create and publish/post the notice of hearing for the full budget adoption”. In light of his recommendation and to save the cost of publication of the budget notice, staff decided to hold off on the publication and to reset the Budget Hearing for April, 2023, and
WHEREAS, Notice of the Public Hearing must be published at least ten but no more than twenty days prior to the Public Hearing, and
WHEREAS, Notice shall be published in the Monticello Express on the 15th or 22nd day of March, 2023, scheduling Public Hearing for the 3rd day of April 2023 at 6:00 P.M. at the, City Council Chambers at the Mary Lovell LeVan Renaissance Center, Monticello, Iowa, and
WHEREAS, The City Clerk is instructed to see to the publication of the appropriate Notice in the Monticello Express, consistent with the above dates, so that the Public Hearing may be held as scheduled herein.
NOW, THEREFORE, BE IT RESOLVED that the City Council of Monticello, Iowa does hereby schedule Public Hearing on the proposed 2023/2024 budget for the 20th day of March 2023 at 6:00 p.m. to be held in the City Council Chambers at the Mary Lovell LeVan Renaissance Center in Monticello, Iowa.
IN TESTIMONY WHEREOF, I have hereunto subscribed my name and caused the Great Seal of the City of Monticello, Iowa to be affixed hereto. Done this 6th day of March, 2023.
David Goedken, Mayor
Attest:
Sally Hinrichsen, City Clerk/Treasurer