Burlington will collect fewer tax dollars than Fiscal Year 2022
Faced with the choice of fewer dollars in or raising tax rates, the Burlington City Council decided to keep the tax rate the same
Source: thehawkeye.com
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Burlington debt to exceed city council goal several times in the next decade
The Hawk Eye The Burlington City Council may violate one of its own financing policies several times in the next 10 years. It has been a goal of the city council to not use more than 70% of its total debt capacity. Based on current projections, however, the city will violate this policy in four of the next 10 years. "That is our goal and there are going to be times when we are under and times when we are over," Burlington Mayor Jon Billups said. In Iowa, cities are limited in their ability to borrow debt to 5% of their total assessed property valuation. For Burlington, the Fiscal Year 2022 ...
Source: thehawkeye.com