Riverside to hold public hearing for budget
RIVERSIDE—The public hearing for the city’s proposed budget for the 2014-15 fiscal year will be held tomorrow evening at city hall.
The public hearing will begin at 6 p.m. according to the city’s Web site.
The proposed budget for the next fiscal year is $3,858,038, said City Administrator Rusty Rogerson.
In the budget is a proposed increase to the tax levy from $5.10 per $1,000 property evaluation to $6.10, Rogerson said.
“This is due to the loss of casino revenue the city will have after July 31,” he said. “I don’t know if we’ll get the level of cash from the casino, like we’ve had before.”
The casino is awaiting a decision from the Iowa Racing and Gaming Commission about a proposed casino in Linn County and the city’s budget has to be turned in to the state by Monday, Rogerson said.
Another proposed increase for the next fiscal year’s budget is raising water and sewer rates $3, Rogerson said.
“But our water and sewer rates will still be the lowest around,” he said.
Once the public hearing is closed, the city council will vote, and it will be filed with the state Friday evening, Rogerson said.