Iowa City approves budget

Budget also includes elimination of several jobs

Gregg Hennigan
Published: March 5 2014 | 4:27 pm - Updated: 1 April 2014 | 9:12 am in

IOWA CITY – The City Council Tuesday night unanimously approved a budget for the fiscal year that starts July 1.

The budget calls for $52.3 million in general fund expenditures in fiscal 2015, down slightly from $52.8 million this year.

The tax rate will decrease to $16.71 per $1,000 of taxable value, compared with this year’s $16.81.

With the increase in the state-set rollback, which is the percentage of a residential property’s value that is taxed, the owner of a $100,000 home will pay $909 in city taxes, up $21 from this year.

The budget also includes the elimination of several jobs.

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