Council finalizes levy and budget

The Lake City City Council voted 5-2 on Dec. 13 to approve a property tax levy that grew 6.06 percent to $3,937,427 over last year’s levy.

Over the same period, the city’s net tax capacity was up about 6.7%, meaning the tax rate is falling from 64.31% to 63.93% according to information presented by city Finance Director Jerome Illg at the meeting.

 


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ISSN 2994-1059 (print)  ISSN 2994-1067 (online)