Council meets to review budget
The Rugby City Council met on Sept. 30 for a special meeting to review the 2014 budget, for which it is expected to levy 83.79 mills at a value of $506,581.01.
The amount requested is down more than $22,000 from last year, when $528,966.96 was levied.
The taxable value for the 2014 budget is $6,058.689, which when multiplied by the 83.79 mills equals the requested funds.
In total, homeowners should see a reduction of around $61.04 for a $100,000 house, going down from last year’s total of $488.16.
Of the mills levied, more than half, or 47.13 will go toward the general fund.
Other major expenditures include 9.07 mills for Social Security, 8.39 mills, or around $50,000 for the fire reserve, and 6.78, or $41,000 for the library.
Major budgeted items for 2014 include $25,000 for a jet machine, $50,000 for Vanguard appraisals, as part of a state-wide mandate and $10,000 each for a police vehicle and lagoon pumps.
Taxpayers should also see some savings due to a 12 percent decrease in property taxes by the 2013 legislature that will be picked up by the state for only 2013 and 2014.
The city mill levy, along with the park board and airport mills total 100.47. When added to the proposed county mill levy of 80.4 and the proposed school mill levy of 111.23, the total burden for city residents will be 292.1 mills.
The council is expected to approve the budget at its Oct. 7 meeting.
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