CLINTON — City Treasurer Clint Lichtenwalter released the estimated levy for the next fiscal year. His report came during the Nov. 4 rescheduled city council meeting. The meeting was changed because of the Nov. 3 election.
Lichtenwalter said the new levy was estimated at $2,178,893.
“That represents a 9.15 percent increase in levy dollars, but the good news is, a lot of that is because of the expiration TIF I and the EAV (Equalized Assessed Valuation) coming back in,” Lichtenwalter said.
He said the tax rate would go down 10.63 percent next year. He said it would be the ninth of the past 10 years the city had realized a tax rate decrease. Lichtenwalter said over the past 10 years the overall rate had decreased by about 45 percent.
• Read the complete story in the Friday, Nov. 13 print edition of the Clinton Journal or now in the Journal E-Edition for subscribers.
