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Wyoming council adopts 2025 tax levy and expenditure budget after public hearing
Summary
After a public hearing on Dec. 3, 2024 the Wyoming City Council approved resolutions certifying the 2024 tax levy collectible in 2025 and adopting the proposed 2025 expenditure budget; staff presented a proposed 6.24% levy increase and detailed departmental changes.
The Wyoming City Council on Dec. 3, 2024 held a public hearing and voted to certify the 2024 tax levy collectible in 2025 and to approve the city’s proposed 2025 expenditure budget.
Julie McManus of Abdo Financial Solutions presented the budget and levies to the council and members of the public. She said total Local Government Aid (LGA) is projected to be $388,237 for 2025, an increase of $500, and that “the total 2025 tax levy is proposed to increase $340,418 or 6.24% over the 2024 budget.” The general fund levy was shown as $4,422,733, an increase McManus described as $245,394 or 5.87% over 2024.
Why it matters: the levy change funds operating expenses and offset declines in some one‑time revenues. McManus also noted capital levies would increase by $155,400 (a 32.72% rise driven by planned capital projects) while debt levies would decrease by $65,376 (an 8.25% drop) because a 2009 general obligation bond was paid off in 2024. The presenter projected the city’s tax rate to rise to 40.42% from 37.89%.
Council members asked for clarifications about tax capacity, property valuation and specific line items. McManus explained that tax capacity is the pool of taxable values used to calculate tax rates and confirmed commercial properties are included in the tax capacity calculation. City staff (Mr. Linwood) stressed that property valuations are performed by the county assessor/auditor and offered to provide contact information so residents can pursue valuation questions. As Mr. Linwood put it: “I can provide you information and contact to contact them.”
The council closed the public hearing and took formal action. Member Schilling moved to adopt the resolution certifying the levy (referred to in the meeting as resolution '20 four-twelve-one 19'); Member Anstead seconded. The motion passed with all members present voting in favor. Member Schilling then moved to approve the proposed 2025 expenditure budget (referred to in the meeting as resolution '20 four-twelve-one 20'); Member Lugar seconded and the motion passed with all members present voting in favor.
The council also approved the consent agenda and set a city council work session for Dec. 17, 2024 at 5:30 p.m. to continue discussion on a proposed digital sign and review vendor quotes. The meeting adjourned at 7:33 p.m.
