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Muscatine council adopts $86 million operating and capital plan, approves 2025–26 budget 5–2
Summary
The Muscatine City Council adopted the city's fiscal year 2025'26 budget, approving a plan with roughly $86.3 million in operating and capital project expenditures and a proposed city tax rate of $15.95 per $1,000 of assessed value. The measure passed 5'2 with two councilmembers voting no.
The Muscatine City Council on Thursday adopted the fiscal year 2025'26 budget, approving a spending plan that city staff said includes about $86,300,000 in operating and capital project expenditures and anticipates roughly $69,000,000 in consolidated revenues.
Director Leake, who presented the budget highlights to the council, said the plan includes $16,900,000 in general property tax revenues and a proposed tax levy of $15.95 per $1,000 of assessed valuation. He said the budget also includes $4,000,000 in new general obligation debt and planned state revolving fund loans for sewer projects. "We did have a balanced budget for the general fund," Director Leake said during his presentation.
The budget package lists $8,350,000 for…
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