City budget: Public hearing March 5
Creston’s city budget, which is subject to final approval after a public hearing March 5, includes $1.5 million to begin infrastructure work on the Cottonwood subdivision despite slight cuts in overall city revenue.
Revenue for the city of Creston has decreased slightly because, for one thing, the property-tax levy has gone down by 57 cents per $1,000 of assessed valuation, from $13.52 to $12.95. The estimated property tax revenue for fiscal year 2014 is $2,209,372 compared to $2,280,388 in fiscal year 2013. Total estimated revenue is $14.8 million compared to $15.4 million this year. Mike Taylor, city administrator, also attributes the decrease in revenue to a lack of grants available and the end of existing grant programs.
“We’ve got plans to do a bond issue for Cottonwood,” Taylor said.
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