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Kearney board adopts ordinance keeping 2024 municipal tax rate unchanged
Summary
The Kearney Board of Aldermen adopted Bill 38-2024 on second reading Sept. 26, setting the municipal tax rate for 2024; the overall rate remains the same as 2023 at 0.5264 per $100 valuation. Officials noted a likely levy rollback next year during reassessment.
The Kearney Board of Aldermen voted unanimously Sept. 26 to adopt Bill 38-2024, "An ordinance levying and fixing the rate of tax for municipal purposes and for the debt service fund for 2024." The ordinance passed on its second reading by voice vote.
Finance Director Stephanie Harris presented the proposed levy and the public-notice timeline, saying, "So a total of 0.5264¢ per $100 valuation, which is the same rate as we had in 2023." During discussion, an alderman asked whether the Hancock Amendment might require a rollback of the levy; staff answered that because 2024 was not a reassessment year there was no change this year but noted that "next year is a reassessment year, and we can almost guarantee that the levy will be rolled back next year."
The board approved the ordinance after motions for first and second readings were placed on the record and a roll call of votes was read aloud. Votes recorded in the meeting show Aldermen Holt, King, Barker and Lehman and the mayor voting "Aye"; the board chair stated the voting was unanimous and the ordinance passed on second reading.
The action preserves current municipal revenue rates for 2024 while officials signaled that reassessment-related constraints under the Hancock Amendment could reduce allowable revenue in the following year. No public commenters addressed the levy during the hearing; the finance director noted the public notice was published Sept. 19.
