On federal, state and local levels, citizens expect that government spend less than they take in, hold the line on taxes and be more efficient. I am happy to say that Linn County has achieved all three of those objectives in our FY’13 budget that we certified.
Linn County home owners will see a 4.5% increase in their property taxes due to the increase in the state roll back formula for residential properties. The state’s rollback formula – which determines the percentage of a residential property’s value that’s subject to taxation and is a formula the Board has no control over- is increasing from 48.53 percent to 50.75 percent.
Today the Linn County Board of Supervisors certified our FY’13 budget and I wanted to highlight some of our successes this year:
1) For the second year in a row, we have held the line on taxes and NO increase to the countywide levy of $6.11/$1000.
2) Since I have been on the Board in 2008, we have reduced the countywide levy by 12 cents, which equates to approximately $1,000,000. For every penny we reduce, that equals approximately $90,000.
3) We reduced our operating budget by $10m to a total $119.2m (as a result of completing flood recovery projects).
4) We spent less than we took in: General fund expenditures was $74,754,765 and revenue was $75,381,395.
5) Linn County has the lowest levy rate among the largest urban counties in Iowa.
6) The only county in the state that has a Aaa (Triple-A) bond rating and one of the few in the nation for a small county our size.
Here is the link to the budget presentation from our Budget Director Dawn Jindrich: