Winfield property tax levy rises three cents
By TRISHA PHELPS
Mt. Pleasant News
WINFIELD — In a very brief city council meeting, the Winfield City Council approved the fiscal year 2013/2014 budget.
The total tax levy rate per $1,000 taxable valuation on regular property is $10.59926, which is up slightly from last year’s $10.56029 by 0.03897.
The estimated tax levy rate per $1,000 valuation on agricultural property stayed the same as last year at $3.00375.
Due to the valuation increase, the revenue from the taxes levied on property increased to $199,347 for fiscal year 2014. This is an increase of $5,931 from last year’s $193,416.
The total revenues and other sources decreased from last year’s $1,364,990 by $88,186 to $1,276,804.
Total expenditures also decreased, by $129,376, for the 2014 budget. Total expenditures for 2014 are projected at $1,390,844 and 2013’s total was $155,230.
The beginning fund balance for 2014, $877,442, decreased $155,230 from 2013’s $1,032,672.
The projected ending fund balance for 2014 also decreased form 2013, by $114,040. For 2014, $763,402 is forecasted, and in 2013 $877,442 was anticipated.
There were no comments from the public during the public hearing on the budget.
The council set the date of March 19, at 5:30 p.m. for a special session council meeting. At the special session, topics covered will be discussion on the proposed dangerous animal ordinance, garbage rate ordinance and the 28E agreement between the city and the fire district. The council will also hear presentations on three organizations that the city donates money to, the Winfield medical clinic, Winfield-Scott Cemetery and the Twin Lakes Country Club.
The council also:
Set the date of April 8, at 7 p.m. for a public hearing on a proposal to enter into a general obligation water improvement and refunding loan agreement in a principal amount not to exceed $1,200,000.
Set the date of April 8, at 7:30 for a public hearing and letting on Huntsberry watermain project.
Aside from the special session, the next Winfield City Council meeting will be April 8 at 7 p.m.