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Council holds first reading, public hearing on 2025 tax levy; second reading set for Sept. 25 Zoom meeting
Summary
City staff presented projected 2025 collections and valuation changes at a first reading and public hearing on the city tax levy; council set a focused second-reading meeting for Sept. 25 via Zoom.
City staff held a public hearing and first reading of the 2025 tax levy at the Olivet City Council meeting on Sept. 9, presenting preliminary valuation data, revenue projections and the factors that will determine the final tax rates.
Moran (staff presenter) told the council the tax rates set by the city cover general fund operations (including police and fire), the employer portion of the city’s pension trust, debt service for general obligation bonds issued in 2020, and payments…
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