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Tax hike on tap | News, Sports, Jobs - Messenger News

-Submitted graphic
The proposed Fort Dodge city property tax rate for the fiscal year is $20.43 per $1,000 of taxable value. That levy is divided up to provide money for many different government functions as shown here in this graphic. This levy is for the city government only. Webster County, the Fort Dodge Community School District and Iowa Central Community College will each have their own levies.
-Submitted graphic
The general fund budget for the city of Fort Dodge, which pays for many government programs, is on track to finish the last fiscal year on June 30 with a $118,000 surplus. This graphic shows the fund as originally budgeted and what the current actual budget figures are. ....

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City employee benefits budget introduced | News, Sports, Jobs

bshea@messengernews.net
Providing employee benefits will cost the city of Fort Dodge more than $3 million in the next fiscal year, according to budget figures presented to the City Council Monday.
The cost of making the employer contributions to Social Security, Medicare, health insurance and the Iowa Public Employees Retirement System is expected to cost the city $3,665,360 in the fiscal year that will begin July 1.
The current budget for those benefits is now $3,354,016.
The separate contributions to the Iowa Municipal Police and Fire Retirement System are budgeted at $1,479,000 for the coming fiscal year.
The current budget for those contributions is $1,372,000. ....

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Fort Dodge financial practices earn high marks | News, Sports, Jobs

City has maintained its high rating for nearly a decade
Jan 14, 2021
When the Fort Dodge City Council turned to the bond market Monday to borrow about $18 million to pay for various projects and purchases, a sometimes bewildering amount of numbers was discussed.
As the various facts, figures and percentages were reviewed, it would have been easy to overlook a very important combination of two letters and a number.
That combination was Aa3. It means good things for the local government.
When investment houses are trying to decide if they want to buy municipal bonds, they seek information on the financial practices of the community. To get that information, they often turn to Moody’s Investors Service, which issues a kind of report card on the finances of communities. ....

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FD officials contemplate solid waste rate increase | News, Sports, Jobs

edecious@messengernews.net
With no rate increase for the last 11 years, City Manager David Fierke said Fort Dodge’s current path to maintain sanitation equipment with rising landfill costs is unsustainable.
For years, the number of customers has stayed nearly as constant at the monthly rate. But if that continues to stay flat, the city might not be able to reinvest in new equipment to replace aging fleets.
“The bottom line is we won’t be able to set aside or acquire as much equipment according to what we feel our plan is at current revenue levels,” said Jeff Nemmers, Fort Dodge city clerk and finance director. ....

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