By Seth Schmidt
The real estate taxes that will be due on Tracy homes and businesses next year, will be less than what was calculated on recently mailed “truth-in-taxation” statements.
The reduction will be due to a Tracy City Council action Monday that pruned a 10.88% increase in the levy to 3.23%. The larger increase was a part of a preliminary levy set by the council this fall, and used by Lyon County in calculating the figures shown on the truth-in-taxation statements.
The City of Tracy’s 2019 property tax levy of $1,170,855 has four parts: General Fund-$646,201; Debt Service-$419,654; Permanent Improvement-$50,000; and Infrastructure Replacement Reserve-$55,000.
The city levy for this year (2018) is $1,133,085.
Budget also set
The council also passed a budget resolution establishing a spending blueprint for the coming year.
The General Fund budget calls for $2,143,146 in 2019 spending, an increase from $2,032,202 this year. Broken down, the 2019 General Fund projects expenditures of General Government-$544,909; Public Safety-$662,848; Public Works-$557,660; Recreation-$98,374; Library-$122,649; Other-$156,706.
The Debt Service and Bond Fund budget decreases from $541,926 in 2018 to $515,435 next year.
The Public Enterprise budget covers 13 city departments that generate revenues. It’s $3,697,959 combined budget for 2019 shows a small decrease to $3,697,959, from $3,758,150. The individual budgets listed under Public Enterprise are: Multi-Purpose Center-$52,903; Cemetery-$36,961; O’Brien Court-$36,500; Parks Improvement-$9,000; Airport Maintenance-$302,259; Liquor-$655,359; Utility Water-$511,218; Utility Surcharge-$51,634; Refuse Collection-$143,925; Licensing-$1,094,944; Aquatic Center Operations-$195,362; Utility Sewer-$503,558
The 2019 “Other” budget totals $1,287,591. The 2018 “Other” budget was $1,311,853.
For more on this article, see this week’s Headlight-Herald.