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Lincoln officials back recommending 2.9% tax‑levy proposal ahead of Dec. 15 public hearing
Summary
Treasurer Conzo recommended a 2.9% tax‑levy option for 2025 to improve pension funding, estimating roughly $49,271 in additional revenue and proposing a 55/45 split between firefighters' and police pensions; the council agreed to place the item for formal vote after a Dec. 15 public hearing.
Lincoln Treasurer Conzo told the Committee of the Whole on Nov. 25 that staff had prepared several tax levy options for 2025 and recommended the 2.9% option, which he said matches the consumer price index and would yield about $49,271 in additional revenue. He recommended allocating 55% of any increase to the firemen's pension fund and 45% to the police pension fund.
Conzo said he had circulated actuarial reports and a draft levy ordinance that lists appropriation lines and noted the city is “significantly under where we should be” on pension funding. He also said the tax impact on a home with a fair cash value of $100,000 could decrease depending on property valuation changes. The public hearing on the levy is scheduled for Dec. 15 at 6:00 p.m., and the formal vote would occur at the following voting meeting.
Multiple alderpersons expressed support for moving forward with the 2.9% recommendation for discussion at the voting meeting. Council members noted the city kept levies flat for three years prior and that pension costs and general operating expenses have risen. The mayor said the recommendation will be carried forward to the formal agenda and can be amended later.
The levy proposal and the draft ordinance remain subject to change before the Dec. 15 public hearing; council members may revise percentage or allocation choices prior to the vote.
