The city of Humboldt is expected to approve an $11.6 million budget during a public hearing Monday, March 4, at 5:30 p.m., at Humboldt City Hall.
The budget will decrease by approximately $1.6 million, or 12 percent, due in large part to the majority of the city’s water treatment plant renovation being accounted for in the city’s current year budget.
Taxes, a figure everyone is concerned about, should go down by nearly 70 cents per $1,000 valuation.
The city’s levy rate for the current fiscal year is $16.89973 per $1,000. The levy for 2013-14 is expected to be $16.20227.
Under the budget being proposed, the total property taxes levied would decrease by nearly $100,000.
“It’s a really solid budget and there is a lot in it for the citizens. It should be a year where we can get a lot done and don’t have to raise taxes. The $1 million grant for the Sumner Avenue Bridge is a great boost and will help us get that project started in 2014,” City Administrator Aaron Burnett said.
For more details on the Humboldt city budget, as well as news from the council’s Feb. 19 meeting, check out next week’s Humboldt Independent.