NOTICE OF PUBLIC HEARING – CITY OF BLOOMFIELD – PROPOSED PROPERTY TAX LEVY
Fiscal Year July 1, 2022 – June 30, 2023
The City Council will conduct a public hearing on the proposed Fiscal Year City property tax levy as follows:
Meeting Date: 2/10/2022 Meeting Time: 07:00 PM Meeting Location: Bloomfield Public Library 107 N Columbia St Bloomfield, IA 52537
At the public hearing any resident or taxpayer may present objections to, or arguments in favor of the proposed tax levy. After adoption of the proposed tax levy, the City Council will publish notice and hold a hearing on the proposed city budget.
City Website – www.cityofbloomfield.org
City Telephone Number – (641) 664-2260
Explanation of significant increases in the budget:
FY23 has an increase in expenses for the City due to the Medical Benefit Premiums being raised significantly. Also, with payroll raises, it has increased the IPERS/FICA outgoing expense amount.
If applicable, the above notice also available online at:
www.cityofbloomfield.org
*Total city tax rate will also include voted general fund levy, debt service levy, and capital improvement reserve levy.
**Budget year effective property tax rate is the rate that would be assessed for these levies if the dollars requested is not changed in the coming budget year