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Independence council adopts $42.9 million budget, elects to receive state shared revenues
Summary
The Independence City Council adopted the fiscal year 2025-26 budget totaling $42,934,809, approved appropriations of $40,008,918, set the permanent property tax rate and voted to elect to receive state shared revenues after a public hearing.
The City of Independence on June 10 adopted its fiscal year 2025-26 budget and voted to elect to receive state shared revenues.
Councilors approved Resolution No. 25-1635 adopting a budget “in the sum of $42,934,809,” approving appropriations of $40,008,918 and imposing property taxes at the city’s full permanent rate of 4.5897 per $1,000 of assessed value; the council also set $400,341 for debt service on general obligation bonds. A separate resolution to elect to receive state shared revenues for fiscal 2025-26 was put before the council after its required public…
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