Resolution approving the City of Council Bluffs Maximum Property Tax Levy for fiscal year ending June 30, 2023.

With the passage of SF 634 by the Iowa Legislature, new budget requirements were implemented by the Iowa Department of Management starting with the FY21 Budget.

The new bill aimed to further notify the public about property tax changes and requires new, additional public notice, public hearing and resolution.

At the hearing, a resolution must be adopted approving the maximum tax dollars that may be levied for the affected levies during the next fiscal year.  If the total dollars of the affected levies is more than 102% of current year, resolution must pass by 2/3 vote of the governing body.

Staff is requesting approval of the Maximum Property Tax Levy for the fiscal year ending June 30, 2023.  Staff is recommending the total 384.15A Max Levy be established at $47,557,004 which is a 7.90% increase over FY22 dollars.  This is the maximum levy amount, the dollars actually requested during the budget process may be less.  Upon approval the documents will be submitted to the Pottawattamie County Auditor.