The Two Rivers City Council has approved the 2025 city budget.
The council voted unanimously to approve five different resolutions to adopt different parts of the budget including the General Fund, Debt Service Fund, Tax Levy, and the Business Improvement District Levy among others.
City Manager Greg Buckley explained that the goal of the budget was to not increase taxes extracted from the community because it’s a reevaluation year in the city.
Buckley told the council, “No tax increase, 3.48% increase in spending. No contingency either.”
Buckley also explained how the city’s tax levy will work because of it being a reevaluation year.
He says if your home’s value went up, your taxes would increase, but it’s not because the city is spending more.
“Residential picked up more of the burden because that’s the class of property that had the highest percent of increases,” Buckley said. “The same applies to the other taxing entities, that shift. But, of course, with the Two Rivers Public Schools, there is a considerably larger levy in dollar terms for this year. I believe that’s largely attributable to their referendum.”
Some changes were made to some capital project funds, and one correction was made to a city TIF district.
The $42 million budget includes about $3 million in various capital projects, including more work at Neshotah Park and helping with the fire and police department budgets.