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Ankeny Lowers Property Tax Rate for the Fourth Consecutive Year

Post Date:03/07/2017 11:39 AM

Ankeny Lowers Property Tax Rate for the Fourth Consecutive Year

The Ankeny City Council unanimously approved the City’s FY 2018 budget on Monday. Record breaking growth and prudent fiscal management have allowed the Council to decrease the property tax levy for four consecutive years. The new budget will go into effect July 1, 2017.

The FY 2018 budget for Ankeny is comprised of general operating expenditures totaling approximately $84 million and capital improvement expenditures of $41 million. These expenditures amount to a total budget of nearly $125 million.

The $125 million budget reduces the property tax rate from $11.75 to $11.65 per $1,000 of assessed value; the 10 cent reduction is in the debt service levy. All other levies remain the same as FY 2016. Ankeny’s General Fund levy of $6.79 per $1,000 of assessed value remains the lowest of any city in Polk County and is significantly below the $8.10 statutory cap.

“The budget supports the City Council’s goal to be a high performing organization that is financially sound while maintaining service levels and investing in our core priorities,” said City Manager David Jones. "The continued decrease in the property tax rate demonstrates the Council’s commitment to fiscal responsibility on behalf of all Ankeny residents.”

The budget includes the addition of 10.71 new full-time equivalent employees to help meet the demand for services from Ankeny’s growing population. The new positions include: two patrol officers, three fire captains, a code enforcement officer, two inspectors, a maintenance technician, a civil engineer and a water utilities operator. Also included in the budget are large capital improvement projects, highlights include: intersection improvements at SE Oralabor Road and Delaware Avenue, widening 36th Street from two lanes to four from Ankeny Boulevard to Delaware Avenue, two new traffic signals and a booster station to support the water utility.

The City’s FY 2018 budget includes a 9.5 percent increase in water rates and an anticipated 9 cent per month increase in solid waste rates. There will not be an increase in stormwater utility rates or sewer rates. With all factors included, an owner of $180,000 home will pay approximately $68 more each year for City services. A $1 million business owner can expect to see an estimated increase in costs of approximately $43 a year for City services.

The City of Ankeny receives approximately 27 cents of each dollar paid in property taxes. There are eight other entities that collect revenue from those who pay property taxes in Ankeny. As of this current fiscal year, to follow is the breakdown by percentage:

• 45% - Ankeny Community School District

• 28% - Polk County, Broadlawns Medical Center, DMACC, DART, Polk County Assessor, Polk County Ag Extension and State of Iowa

• 27% - City of Ankeny

The Ankeny City Council held five workshops or hearings to discuss the FY 2018 budget, all of which were open to the public. More information about the City’s FY 2018 budget, including presentations from each of the workshops, can be found on the City of Ankeny's website www.ankenyiowa.gov.