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New fire hall debt cited as main driver of proposed levy hike
Summary
Council heard that the new fire hall debt service is a primary driver behind a roughly 30% proposed levy increase; staff said debt will fall after 2027 and proposed a goal to reduce the immediate increase to about 15%.
Administrator Teresa Hill told the council the projected levy increase is driven in part by debt service tied to the new fire hall. She said first-year fire hall payments are comparable to the projected levy increase, noting an initial payment of about $296,188 and that next year’s payment will add roughly $126,000 more to the levy schedule.
Hill advised members that the city’s overall debt schedule will shrink after 2027 and recommended aiming to reduce the immediate projected increase toward 15 percent. The council discussed options for trimming other expenditures and delaying nonessential capital to moderate the impact on taxpayers.
