Ankeny budget includes reduction in property levy
Wednesday, March 08, 2017 11:14 AM
The Ankeny City Council has approved a $125 million budget for the fiscal year beginning July 1 that consists of $84 million in operating expenses and $41 million in capital improvements. The budget is funded in large part by a property tax levy of $11.65 per $1,000 of assessed value. That is a drop of 10 cents per $1,000 from the current levy and represents the fourth consecutive year that the city has lowered its property tax rate, according to a release. The reduction this year is in the debt service levy. The general fund levy of $6.79 per $1,000 is the same as last year. The budget includes the addition of 10.71 full-time-equivalent employees, including two patrol officers, three fire captains, two inspectors, a civil engineer and a water utilities operator. Capital projects include improvements to the intersection of Southeast Oralabor Road and Delaware Avenue and the widening of 36th Street to four lanes between Ankeny Boulevard and Delaware. Under the budget, water rates will increase 9.5 percent and solid waste rates will increase an anticipated 9 percent. There will not be an increase in stormwater utility rates or sewer rates.