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Tiffin FY 2018-2019 budget

TIFFIN– The FY 2018-2019 budget for the City of Tiffin was presented Tuesday, March 6.
The tax levy decreased slightly at $11.80. Tiffin City Adminstrator Doug Boldt pointed out, of the 107 Iowa communities between 1,500 and 4,000 population, Tiffin was ranked as having the 23rd lowest tax levy, with Denver being the lowest at $6.96 and Rockwell City the highest at $23.70.
The residential rollback decreased from 56.94 percent to 55.62 percent. The agricultural rollback increased from 47.5 percent to 54.45 percent.The multi-residential rollback decreased from 82.5 percent to 78.75 percent. The commercial, industrial and railroad rollback remain unchanged. The road use tax fund per capita forecast is $121.50.
Most notably in business/enterprise funds, wastewater increased to $4,389,739, due to Phase 2 of the wastewater treatment plant expansion. Storm water also increased because of two proposed State Revolving Fund (SRF) sponsored projects. This makes for a total of $5.2 million in business/enterprise funds.
Boldt noted the water main relocation project from the Iowa Department of Transportation (DOT) will be a pass-through, which the City of Tiffin will handle as part of the work planned for Ireland Avenue.
Likely the largest budget in the City of Tiffin’s history, the total FY 2018-2019 budget came to $15,113,259— a near $600,000 increase from last year’s $14,523,513 budget.
Boldt added that money in the multi-residential tax category is expected to be backfilled from the State of Iowa.
“They’ll telling us that they’re going they were supposed to be phasing that out over three years. We seem to think that that phasing out is going to start this next fiscal year,” said Boldt. “For us, that’s somewhere between 20 and $25,000.” Given the uncertainty, backfill money was not included in the budget.
The Johnson County consolidated tax levy resides at $37.05, with $16.75 for school, $11.80 for city, $6.85 for Johnson County and $1.60 for miscellaneous Johnson County.
Total city debt is close to 18 million, half of which is revenue to be paid from user fees from the water and sewer services.