During a recent government meeting, officials discussed the implications of a temporary property tax digest, revealing plans to maintain the current tax rate for 2023. The net Maintenance and Operations (M&O) digest was reported at $4.6 million, with a rollback rate calculated at 1.842 mills. Despite this, the governing body intends to keep the tax rate steady at 1.936 mills, which represents a 5.10% increase compared to the previous year.
The decision to maintain the tax rate is projected to generate an additional $319,000 in revenue compared to last year's digest. This move is part of a broader strategy to ensure a balanced budget, where revenues align with expenditures. Officials emphasized the importance of these adjustments in light of reassessments provided by the tax assessor's office and the overall changes to the tax digest.
As the meeting progressed, discussions highlighted the need for confidence in the presented numbers before finalizing next steps. The officials expressed optimism about the financial outlook, indicating that the current tax strategy would support the community's fiscal health moving forward.