The Edgerton City Council approved a budget Aug. 9 that drops the city’s mill levy from 41.7 to 36.8 mills.
One mill is equal to $1 for every $1,000 in assessed valuation.
As a result, the owner of an $85,000 home will realize a savings of about $47 in annual property taxes.
“The proposed 2012 budget does not recommend an increase in tax revenue,” City Administrator Beth Linn said. “Based on a small amount of improvements and additional property within Edgerton, the value of one mill is higher for 2012 than it was for 2011.
“One mill in 2012 generates approximately $27,000 in tax revenue compared to $23,000 in 2011.”
The budget includes funding for two new positions the city created earlier this year: a codes enforcement officer and an administrative services director.
It also includes $275,000 for law enforcement through the Johnson County Sheriff’s Office, which includes overtime and a fuel surcharge.
The city is budgeting $15,000 for community events such as the July 4 fireworks show, Halloween party and chamber coffee.
The budget also allocates $26,000 for a parks and recreation employee should the council decide to hire one in 2013.
Also, $7,000 is budgeted for the Frontier Days festival.
In capital outlay, the city is planning to spend $15,000 for HVAC upgrades and other maintenance needs.
Professional economic development service expenditures associated with the intermodal logistics park total $25,000.
Another $30,000 is earmarked for new radio-read water meters.
Edgerton drops property tax levy