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Grundy Center sets March 3 hearing on proposed FY2026 maximum property tax levy
Summary
Council set a March 3 public hearing on a proposed FY2026 maximum property tax levy of $16.46489 per $1,000 assessed valuation after staff presented options showing a potential increase of $0.33776/$1,000 driven by wages, insurance costs and a state rollback change.
On Feb. 3 the Grundy Center City Council set a public hearing for March 3, 2025, on the proposed FY2026 maximum property tax levy of $16.46489 per $1,000 assessed valuation (Resolution 2025-08).
City Clerk Kristy Sawyer presented five options for setting a maximum proposed levy and said, based on department requests and projections, the most the current levy could increase is $0.33776 per $1,000 of assessed valuation. Sawyer attributed that potential increase to wage increases, higher health, liability and property insurance rates, and a large decrease in the state residential property rollback.
Rasmussen moved and Smith seconded adoption of Resolution 2025-08 to set the March 3 public hearing; the motion carried five ayes. Council will determine acceptable increases for each department budget and balance the overall budget in subsequent sessions.
The March 3 hearing will allow public comment on the proposed levy and any final levy decision will follow required notice and hearing procedures.
