City of Fairfield issued the following announcement on Feb. 21.
SF634 passed out of the Senate and then the House in April, 2019. The bill established "maximum property tax dollars" which is equal to 102% of last year’s revenue for certain levies (listed below). The bill allows cities to exceed the 2% threshold with a 2/3 majority vote of council after notice, public hearing and 20 day wait as laid out in the bill.
Cities are now required to have two public hearings for their annual budget.
This first public hearing is establishing our maximum property tax dollars for our 20/21 budget
This includes our regular general levy, liability, property & self insurance costs, emergency levy, Fica/Ipers, and other employee benefits(insurance costs)
What is not included in this hearing is our Debt Service Levy. It will be included when the final budget is approved in March. We will have another public hearing for the final budget which includes the taxes on this first hearing.
This is not a new tax, but part of the annual budget. We are simply required to have two public hearings this year.
Original source can be found here.
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