Clarkdale council could adopt final budget Tuesday
Clarkdale council members will consider adopting the town's final budget for the 2005-06 fiscal year at their Tuesday night meeting, but not before they hold a public hearing on it.
There will actually be two public hearings Tuesday night. One for the final budget and one to receive public input regarding the proposed property tax revenue increase, per Truth in Taxation requirements.
The town's levy amount is what will increase and not the rate. According to a staff report, last year the primary tax rate was 1.1526 with a total of $283,368 collected for the town. The proposed 2005/2006 rate is 1.1134 which would mean $294,317 in total collection for the town.
According to a staff report, Truth in Taxation was set up to inform residents that even though their property tax rate was not increasing, they would be paying more to the town due to the increase in their property tax values.
After the public hearings regarding the tax levy and the final budget, council members will consider two separate resolutions. One to adopt the final budget and one to acknowledge that as a result of the tax levy, property tax collections will increase in the 2005-06 fiscal year.
Budget items aren't all that will occupy the council's meeting. The council members are expected to hold a work session to discuss community volunteering.
Representatives from Empire Companies will also be at the meeting to present architectural renderings for the Mountain Gate development.
Clarkdale council is scheduled to meet Tuesday at 6 p.m. in the Clarkdale-Jerome School Library, 1615 Main St.