It’s budget time and Elgin City Clerk Kristin Childers has announced the date and time for the 2024/2025 budget hearing.
It will be held Wednesday night, September 4 prior to the start of the regular council meeting.
The hearing will begin at 7:15 p.m. at City Hall. According to the budget document being published this week in The Elgin Review newspaper, the City of Elgin is seeking a property tax request of just over $217,000.
One year ago the property tax request was just under $200,000.
The proposed 2024/2025 operating budget is down 17 percent from one year ago. Last year the budget was at $3,334,772. This time around, the operating budget is being set at $2,774,068.
The City’s valuation has been set at $64,276,701, up nine percent from last year when the valuation was almost $58.8 million.
The proposed tax rate is 0.338622, down from 0.340119 last year.
During the regular meeting, the council will hold a public hearing on the One & Six Year Street Plan. In recent years, the one-year street plan has focused on maintenance.
The regular meeting will begin at 7:30 p.m.
