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Council places 2025–26 tax levy on file, discusses bond abatement and mutual-aid agreement
Summary
Council placed the proposed 2025–26 property tax levy on file (a slight rate decrease tied to higher assessed valuation will still raise approximately $81,000 in revenue). Members also discussed annually abating an existing bond levy and tabled an intergovernmental mutual-aid agreement pending attorney review.
Councilmember Cullinan summarized the city treasurer's proposed levy for 2025–26 and said reappraisals increased assessed valuations. Using the treasurer’s proposed numbers, the city’s levy rate would drop from 2.12336 to 2.04932 while still producing roughly $81,000 additional…
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