No One Objects to DMCo Budget

THE DES MOINES COUNTY BOARD UNANIMOUSLY APPROVED NEXT YEAR’S BUDGET YESTERDAY(TUE) AND IT’S CLOSE TO STATUS QUO FROM LAST YEAR’S, ACCORDING TO BUDGET DIRECTOR CHERYL MCVEY.

 

ONE POINT SHE TRIES TO MAKE EVERY YEAR IS THAT MUCH OF THE COUNTY’S TAXABLE PROPERTY IS TIED UP IN “TIF” AREAS — LAND THAT’S SET ASIDE TO SPUR DEVELOPMENT. THE DARK SIDE IS THAT THE LOCAL TAXING UNITS DON’T GET THOSE FUNDS.

 

 

THE STATE ROLLBACK ON RESIDENTIAL PROPERTY NEXT YEAR WILL BE A LITTLE MORE THAN 54 PERCENT, COMPARED TO 52 PERCENT THIS YEAR…AND THE ROLLBACK ON AG LAND WILL BE 43.4 PERCENT, COMPARED TO ALMOST 60 PERCENT NOW. COMMERCIAL, INDUSTRIAL & RAILROAD PROPERTIES USED TO BE TAXED AT 100 PERCENT OF THEIR ASSESSED VALUE, BUT NEXT YEAR IT’LL DROP TO 95 PERCENT…AND THEN TO 90 PERCENT THE FOLLOWING YEAR.

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