Ankeny City Council Approves Significant Property Tax Decrease
The Ankeny City Council unanimously approved the FY 2019 budget on Monday with a historic 90 cent per $1,000 decrease to the city tax levy. Vigilant fiscal management and strong commercial and residential growth have allowed the Council to decrease the city property tax levy for the last five consecutive years. The new budget will go into effect July 1, 2018.
The FY 2019 budget for Ankeny is comprised of operating expenditures totaling approximately $90 million and capital improvement expenditures of $43 million. These expenditures amount to a total budget of nearly $133 million.
The $133 million budget reduces the property tax rate from $11.65 to $10.75 per $1,000 of taxable assessed value; the 90 cent reduction is in the general and debt service levies. Ankeny’s general fund levy of $6.25 per $1,000 of assessed value remains the lowest of any sizable city in Polk County and is significantly below the $8.10 statutory cap.
“Ankeny continues to see momentum in robust commercial and residential development. This growth along with City Council’s commitment to fiscal responsibility allows the City to provide a historic decrease to property tax rates for FY 2019,” said City Manager David Jones. The FY 2019 budget supports the City Council’s goal to be a high performing organization that is financially sound while maintaining service levels and investing in core priorities.
“The budget includes the addition of 20.5 new full-time equivalent employees to help meet the demand for services, which includes staffing Fire Station No. 3. As promised during the 2017 bond referendum, taxes are not going up to fund these positions,” explains Jones.
The new positions for FY 2019 include: three patrol officers, 12 fire personnel, a human resources coordinator, a network technician, a civil engineer, a traffic engineer, a customer service representative and a part-time permits clerk. Also included in the budget are large capital improvement projects, some highlights include: new library, Ankeny Boulevard and First Street intersection improvements, construction of the water booster station and reconstruction of the First Street interchange at I-35.
Residential customers will see an approximate 1.6 percent increase across their municipal utility bill due to a 7 percent increase in water rates from Des Moines Water Works. The increase will also help finance new utility capital improvement projects. With all factors included, an owner of $201,550 home will pay approximately $11 more each year for City services.
The City of Ankeny receives approximately 28 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:
• 44% - Ankeny Community School District
• 28% - Polk County, Broadlawns Medical Center, DMACC, DART, Polk County Assessor, Polk County Ag Extension and State of Iowa
• 28% - City of Ankeny
The Ankeny City Council held four workshops to discuss the FY 2019 budget, all of which were open to the public. More information about the City’s FY 2019 budget, including presentations from the workshops, can be found on the City of Ankeny website: www.ankenyiowa.gov.