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Council proposes publishing a 19.11 tax-rate option as budget work continues
Summary
Council voted to publish notices that allow consideration of a tax rate up to $19.11 per $100 valuation; staff recommended pursuing the no-new-revenue rate to keep revenue roughly flat, while members weighed reserve use and budget trade-offs for police pay and other priorities.
Shenandoah’s City Council voted in a procedural motion to publish truth-in-taxation notices that allow the city to consider a property tax rate up to $19.11 per $100 valuation, a step staff said is required to preserve optionality while the budget process ends.
Financial Director Lisa presented calculations showing the no-new-revenue (NNR) rate at $18.049 and the voter-approval rate near 19.19; she cautioned that the NNR would yield nearly the same revenue as last year but that legislative changes to exemptions have complicated the worksheet. “If we went with the no new revenue rate of $18.04 9, it would be less … about 1.5% increase, and it would increase that median, home valuation tax bill about $36 or 4.7%,” Lisa said during the presentation.
Councilmembers debated whether to use reserve/surplus funds or raise the rate to cover recurring costs such as the proposed second year of police pay parity. Staff noted a hypothetical year‑2 parity adjustment would add roughly $137,000–$138,000 to the operating budget if adopted; members discussed using available (unrestricted) fund balance or formally reducing the reserve policy to free one-time funds for transition. The council’s August procedural vote will trigger public notices and preserve the option to adopt a lower final rate at a later hearing; the item will return for formal adoption after required public hearings and final budget adjustments.
Provenance: topicintro SEG 055, topfinish SEG 6827.
