Council sets budget hearing for March 2

The Clear Lake City Council will hold a public hearing on its proposed 2016 fiscal year budget at its March 2 meeting set to begin at 6:30 p.m.

For the fifth straight year, the tax rate for the City of Clear Lake is proposed to remain at $10.54 per $1,000 of assessed property valuation.  While the tax rate remains steady, a state residential rollback adjustment from 54.40 percent to 55.73 percent in fiscal year 2016 will create a slight increase for residential property taxpayers.  For example, a home with an assessed value of $150,000 will have an increase of $21.08, according to City Administrator Scott Flory.

The city’s fiscal year 2016 total taxable valuation is $520,347,335, which is an increase of $18,537,159 (3.7 percent).  Fiscal year assessed valuation in the city is $847,156,571.

The proposed budget shows total fiscal year expenditures of $12,141,766.  

Major capital projects in 2016 will include work on 14th Avenue North from Logan Drive to North 8th Street, bridge replacement on 12th Avenue South and an intersection contribution at the Highway 122 and Willow Creek Court intersection.   A sidewalk improvement project which involves replacing the base beneath the brick pavers on Main Avenue is also scheduled.  Additional overlay projects and storm sewer evaluation and water main work is also scheduled.  The relocation - Read More Via e-Edition