Council sets 2025 tax rate ahead of final budget approval

During the Perry City Council meeting on June 12, 2025, council members discussed the critical decision of adopting the final tax rate for the upcoming fiscal year. The proposed certified tax rate, presented by staff member Shannon, is essential for determining the city’s revenue without requiring additional public hearings, known as truth in taxation hearings.

The council reviewed the anticipated revenue, which is projected to be slightly lower than the tentative budget by about $8,000. This discrepancy can be easily adjusted if the certified tax rate is accepted. Maintaining the current tax rate would result in an increase of $65,000, which would require the truth in taxation process.

Council members expressed their thoughts on the timing of the tax rate decision, questioning why it needed to be addressed separately from the budget approval. Some members felt it might be more logical to set the tax rate in conjunction with the budget, as the budget ultimately influences the tax rate. However, the council emphasized the importance of flexibility in their decision-making process.

The council is expected to finalize the budget in their next meeting, but the tax rate established now will set the parameters for that budget. This meeting highlighted the ongoing efforts of the council to manage city finances responsibly while addressing community needs. As discussions continue, residents can anticipate how these decisions will impact local services and infrastructure in the coming year.