On Thursday, August 25 at 7 p.m., the Edgerton City Council will host public hearings to exceed the Revenue Neutral Rate and on the proposed FY 2023 Budget. The meeting will be held in City Hall at 404 E. Nelson Street. Residents are invited to attend and make comments.
The RNR is the tax rate that would generate the same property tax revenue for the upcoming budget year as for the current year. Kansas law requires that if a taxing jurisdiction plans to use more property tax revenue in the next budget year compared to the current year, even if it is just $1 more, they must hold a public hearing.
The Edgerton City Council has expressed intent to reduce the mill levy from 29.913 to 29.669 for the upcoming budget year. This exceeds the calculated revenue neutral rate of 27.351.
If approved, the City would use the modest increase in revenue to invest in street maintenance, public infrastructure, public safety, and to help cover increased operating costs caused by inflation.
Since 2009, the City has lowered the mill levy rate by over 12 mills.
All property owners should have received an estimated tax notice from Johnson County with information on upcoming public hearings, along with information including specific property values and taxes. This notice is for information only and is not a bill.
Find out more about the proposed budget at edgertonks.org/budget before the meting.
Original source can be found here.
