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Kearney aldermen approve 2024 tax-rate ordinance unchanged from 2023

Kearney Board of Aldermen · September 26, 2024
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Summary

The Kearney Board of Aldermen approved an ordinance levying the 2024 municipal tax rate — a total rate the meeting record describes as unchanged from 2023 — following a public hearing with no public comments and a unanimous roll-call vote on second reading.

The Kearney Board of Aldermen on Sept. 26 conducted a public hearing on the proposed 2024 property tax levy and approved an ordinance levying the municipal tax rate for 2024 by unanimous vote.

At the hearing, a city staff member presented the proposed rates and public-notice details, saying, “the proposed tax rate is, 0.4764 … per $100 of assessed valuation for our general fund and 0.05¢ per $100 valuation for our GEO bond. So a total of 0.5264¢ per $100 valuation, which is the same rate as we had in 2023.” The staff member also noted the public notice had been published Sept. 19 in the Courier.

The board opened the floor for public comment; no members of the public spoke in person or online. After a brief discussion about reassessment years and state limits on revenue growth, the board advanced the ordinance on first reading and then approved it on second reading. The presiding official called the roll for the final vote; the minutes record Alderman Hoult, Alderman King, Alderman Barker and Alderman Lehman each voting “Aye.” The presiding official declared the ordinance passed on second reading.

Members asked about the effect of the Hancock Amendment on the levy. One alderman asked whether the city was close to needing a rollback; a staff member and the presiding official explained that because 2024 was not a reassessment year there was no change this year, and that a reassessment next year would likely trigger a rollback. As the presiding official explained, the Hancock Amendment is “a part of our state constitution that, as assessed values increase, it limits the amount of assessed valuation increase that the municipality can realize for revenue.”

Action recorded: motion to adopt the ordinance levying and fixing the rate of tax for municipal purposes and for the debt service fund for 2024; motion and second on second reading; roll-call recorded as unanimous; ordinance adopted on second reading. The ordinance text and effective dates were read by title during the meeting; no further effective date or implementation schedule was specified in the meeting record.

The board also approved the consent agenda earlier in the meeting. No public testimony opposed the levy or the ordinance on the record.

The board did not specify additional implementation steps during the meeting. The ordinance passed on second reading and the record lists no amendments or conditions attached to the approval.