City Council Special Meeting — Davenport, IA
Date: 2024-03-27
Time: 17:00

CITY COUNCIL SPECIAL MEETING

 CITY OF DAVENPORT, IOWA

 Wednesday, March 27, 2024; 5:00 PM

 City Hall | 226 West 4th Street | Council Chambers


I. Moment of Silence

II. Pledge of Allegiance

III. Roll Call

IV. Agenda Item

 1. Public Hearing on the FY 2025 proposed property tax levy rate and amount. [All
 Wards]

V. Adjourn

CITY COUNCIL SPECIAL MEETING

 CITY OF DAVENPORT, IOWA

 Wednesday, March 27, 2024; 5:00 PM

 City Hall | 226 West 4th Street | Council Chambers


I. Moment of Silence

II. Pledge of Allegiance

III. Roll Call

IV. Agenda Item

 1. Public Hearing on the FY 2025 proposed property tax levy rate and amount. [All
 Wards]

V. Adjourn
 City of Davenport

Department: Finance Action / Date
Contact Info: Mallory Merritt | 563-326-7792 3/27/2024

Subject:
Public Hearing on the FY 2025 proposed property tax levy rate and amount. [All Wards]

Recommendation:
Hold the Hearing.

Background:
The City has developed a proposed regular tax rate for affected property tax levies of 16.61059
per $1,000 of taxable value for FY 2025, which equals $83,725,626.

The total regular tax rate of 16.61059 consists of the following individual levies:

Consolidated General Fund: 8.47059
Transit: 0.91000
Tort Liability: 0.25000
Trust and Agency: 4.93000
Debt Service: 2.05000

Under the law of the State of Iowa, the City is required to hold a Public Hearing on the
proposed property tax levy prior to the adoption of the annual budget.

Attachments:
1. Proposed Property Tax Publication
  CITY NAME: NOTICE OF PUBLIC HEARING - CITY OF DAVENPORT - PROPOSED PROPERTY TAX LEVY
 CITY #: 82-773
  DAVENPORT Fiscal Year July 1, 2024 - June 30, 2025

 The City Council will conduct a public hearing on the proposed Fiscal Year City property tax levy as follows:
 Meeting Date: 3/27/2024 Meeting Time: 05:00 PM Meeting Location: Davenport City Hall, Council Chambers 226 W 4th St. Davenport, IA 52801
  At the public hearing any resident or taxpayer may present objections to, or arguments in favor of the proposed tax levy. After the hearing of the proposed tax
 levy, the City Council will publish notice and hold a hearing on the proposed city budget.
City Website (if available) City Telephone Number
https://www.davenportiowa.com (563) 326-7789
 Current Year Certified Budget Year Effective Property Budget Year Proposed Property
 Iowa Department of Management Property Tax 2023 - 2024 Tax 2024 - 2025 Tax 2024 - 2025
 Taxable Valuations for Non-Debt Service 4,768,991,513 5,008,920,789 5,008,920,789
 Consolidated General Fund 41,204,087 41,204,087 42,428,514
 Operation & Maintenance of Public Transit 4,339,782 4,339,782 4,558,118
 Aviation Authority 0 0 0
 Liability, Property & Self Insurance 1,192,248 1,192,248 1,252,230
 Support of Local Emergency Mgmt. Comm. 0 0 0
 Unified Law Enforcement 0 0 0
 Police & Fire Retirement 5,686,069 5,686,069 5,960,165
 FICA & IPERS (If at General Fund Limit) 2,916,668 2,916,668 2,931,671
 Other Employee Benefits 14,908,392 14,908,392 15,802,143
 Capital Projects (Capital Improv. Reserve) 0 0 0
 Taxable Value for Debt Service 4,994,809,679 5,264,773,055 5,264,773,055
 Debt Service 10,239,360 10,239,360 10,792,785
 CITY REGULAR TOTAL PROPERTY TAX 80,486,606 80,486,606 83,725,626
 CITY REGULAR TAX RATE 16.78000 15.96931 16.61059
 Taxable Value for City Ag Land 21,474,315 21,007,929 21,007,929
 Ag Land 64,504 64,504 63,103
 CITY AG LAND TAX RATE 3.00375 3.07046 3.00375
 Tax Rate Comparison-Current VS. Proposed
 Residential property with an Actual/Assessed Value of Current Year Certified Budget Year Proposed Percent Change
 $100,000 2023/2024 2024/2025
 City Regular Resident 917 770 -16.03
 Commercial property with an Actual/Assessed Value of Current Year Certified Budget Year Proposed Percent Change
 $100,000 2023/2024 2024/2025
 City Regular Commercial 917 770 -16.03
Note: Actual/Assessed Valuation is multiplied by a Rollback Percentage to get to the Taxable Valuation to calculate Property Taxes. Residential and Commercial properties
have the same Rollback Percentage at $100,000 Actual/Assessed Valuation.
Reasons for tax increase if proposed exceeds the current:
No increase

City of Davenport, Iowa
 City Council Special Meeting Minutes
 Wednesday, March 27, 2024

The City Council of Davenport, Iowa met in special session on Wednesday, March 27, 2024 at 5:00
p.m. in the Council Chambers at Davenport City Hall, 226 West 4th Street, Davenport, Iowa with
Mayor Matson presiding and all Aldermen present except Alderman Kelly, Alderman Gripp, and
Alderwoman Lynch (Alderman R. Dunn, Alderwoman Meginnis, Alderman Reinartz, Alderwoman
Newton, Alderman T. Dunn, Alderman Jobgen, and Alderwoman Burkholder).

I. Moment of Silence

II. Pledge of Allegiance | Alderman R. Dunn

III. Roll Call

IV. Agenda Item

 1. Public Hearing on the FY 2025 proposed property tax levy rate and amount. [All Wards]

V. Adjourn 5:03 p.m.




 Brian J. Krup
 Deputy City Clerk