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Council adopts tax levy, abates bond levy and OKs TIF deal for downtown redevelopment
Summary
The council abated a 2025 automatic levy tied to $4.735 million in GO bonds, adopted the 2025 municipal property tax levy (taxes payable 2026) 6–2, approved a TIF redevelopment agreement for 104–106 North Main Street, and approved a $218,000 engineering contract amendment for construction inspection work.
At its Dec. 15 meeting, the Washington City Council adopted several year-end fiscal and development measures.
The council unanimously approved an ordinance abating the 2025 automatic tax levy for $4,735,000 in general obligation bonds series 2023 after the city attorney explained that, when pledged revenues are sufficient, the abatement prevents an automatic added levy on taxpayers.
On the municipal property tax…
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