The St. Francis City Council Dec. 16 approved the city’s 2014 final budget with no increase in the city’s tax levy, meaning that most property owners in St. Francis will see the city portion of their property taxes either stay the same or go down.
The $2,988,086 total levy – only $20,900 of which is for debt service – will mean a 2014 total city tax of $515.75 for a home with a median market value of $113,700. In 2013, a home of that value was taxed $546.43, or $30.68 more.
The 2014 levy translates to a monthly $43 tax bill for a median market value home. According to a budget report by St. Francis Finance Director Darcy Mulvihill, that $43 will be used by the city as follows: $7.79 for general government, $18.40 for public safety, $7.17 for streets and recycling, $3.45 for parks and trails, $2.06 for community development and $4.13 for other services including budget transfers.
Contributing to the city’s ability to avoid a levy increase for 2014 is the fact that the city will be receiving $232,491 more in Local Government Aid than in 2013.