The City Council of La Porte City has set February 23, 2015 as the date for the public hearing on the 2016 fiscal year budget. Preliminary budget documents indicate a proposed tax levy rate of 14.83756, which is virtually unchanged from the 14.8242 rate established a year ago for the current budget year. The tax rate increase, which amounts to an increase of less than one-tenth of one percent, is projected to generate $918,831 of property tax revenue in support of the City’s $4 million budget.
The public hearing provides area residents the opportunity to offer feedback on the proposed budget, which is summarized on page seven of this edition of The Progress Review. Copies of the proposed budget are available at Hawkins Library, 208 Main Street and at City Hall, 202 Main Street, or can be viewed online at www.lpcia.com.