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Milbank council certifies 5.80% tax call, citing valuation changes
Summary
The council certified a 5.80% tax call, totaling $1,072,861, after Finance Officer Cynthia Schumacher reported a 4.9% projected tax call ($49,688.25) and noted the option to capture 0.9% ($9,126) of stored CPI. Motion carried 6-0.
At its Sept. 8 meeting the Milbank City Council approved certifying a 5.80% tax call, recorded as $1,072,861. Finance Officer Cynthia Schumacher presented projections showing a 4.9% tax call that would increase revenue by $49,688.25 and said the city could capture an additional 0.9% (about $9,126) of stored CPI. The council voted to approve the 5.80% figure; the minutes record the motion as carried 6-0.
Schumacher told the council that because the city's valuation increased, the levy rate would decrease despite the tax call. The minutes do not include a detailed breakdown of which properties or classes account for the valuation change; the finance officer indicated the number is a projection and that final certification follows county processes.
