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Lake Havasu City adopts balanced fiscal 2019–20 budget; property tax levy set with flat rate
Summary
Council adopted the city’s final $148.6 million fiscal year 2019–20 budget and approved setting the property tax levy with a flat rate; staff said the levy will raise revenue through increased assessed valuations rather than a higher rate.
Lake Havasu City Council adopted the city’s final fiscal year 2019–20 budget on Tuesday and approved moving the proposed property tax levy to a formal adoption vote scheduled for July 9.
City Finance staff told the council the adopted levy rate will remain flat from the prior year; because assessed property values rose, total property tax collections tied to the levy will…
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