Set Public Hearing on Fiscal Year 2024 City Budget_InitiateCopyrighted
March 9, 2023
City of Dubuque
Special Meeting
Items to be set for Public Hearing #
01.
IT E M T I T L E:Set P ublic Hearing on F iscal Year 2024 City Budget
S UM M ARY:City Manager recommending that the City Council set a public hearing for
March 23, 2023, on the F iscal Year 2024 City budget, operating and
capital improvement program, for the City of Dubuque.
RE S O L UT I O N Setting the date for the public hearing on the F iscal Year
2024 B udget for the City of Dubuque
RE S O L UT I O N Setting the date for the public hearing on the F ive-Year
Capital I mprovement Program for Fiscal Years 2024 through 2028 for
the City of Dubuque
S UG G E S T E D
D I S P O S I T I O N:
Receive and F ile; A dopt Resolution(s), S et Public Hearing for March 23,
2023Suggested Disposition:
AT TAC H ME N TS:
Description Type
MV M Memo City Manager Memo
Staff Memo Staff Memo
F Y24 Operating Budget Resolution Resolutions
F Y24 Capital Budget Resolution Resolutions
F Y24 Budget Notice of Public Hearing Supporting Documentation
TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Set Public Hearing on Fiscal Year 2024 City Budget
DATE: March 7, 2023
Chief Financial Officer Jennifer Larson recommends that the City Council set a public
hearing for March 23, 2023, on the Fiscal Year 2024 City budget, operating and capital
improvement program, for the City of Dubuque.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
____________________________________
Michael C. Van Milligen
MCVM/jml
Attachment
cc: Crenna Brumwell, City Attorney
Cori Burbach, Assistant City Manager
Jennifer Larson, Chief Financial Officer
TO: Michael C. Van Milligen, City Manager
FROM: Jennifer Larson, Chief Financial Officer
SUBJECT: Set Public Hearing on FY 2024 City Budget
DATE: March 7, 2023
INTRODUCTION
The purpose of this memorandum is to submit two resolutions setting the public hearing
in connection with the adoption of the Fiscal Year 2024 City budget. The publication of
official notices for the public hearing will be published to meet Iowa Code minim um
publication requirements.
DISCUSSION
The public hearing on the Fiscal Year 2024 City budget will be conducted in the City
Council Chambers at 350 W. 6th St and virtually at 6:30 p.m. on Thursday, March 23,
2023. The public hearing will also cover the adoption of the Five-Year Capital
Improvement Program for Fiscal Years 2024-2028.
The final budget approval cannot exceed the maximum property tax resolution for Fiscal
Year 2024 adopted by City Council at the February 20, 2023 public hearing.
State law requires a public hearing on the Operating Budget and the Five-Year Capital
Improvement Program.
Since the recommended Fiscal Year 2024 budget went to City Council on February 20,
2023, the State of Iowa adjusted the residential rollback which revised property
valuations.
The taxable debt valuation increased from $3,126,146,510 to $3,126,185,690.
A summary of the changes from the recommended Fiscal Year 2024 are as follows:
2
FY24
Recommended
Budget
FY24 Revised
Budget
Change
Property Tax Rate $9.9076 $9.90135 -$0.00625
Property Tax Asking $26,623,300 $26,623,300 $0
Average Residential Payment 3.00% / $23.76 2.94% / $23.25 -0.06%/-$0.51
Average Commercial Payment 8.84% / $270.61 8.77% / $268.52 -0.07% / -$2.09
Average Industrial Payment 6.62% / 299.27 6.55% / $296.26 -0.07% / -$3.01
For the recommended Fiscal Year 2024 budget, Dubuque has the Lowest property tax
rate as compared to the eleven largest cities in the state. The highest rate (Waterloo
(FY23)) is 92% higher than Dubuque’s rate, and the average is 48% higher than
Dubuque. Dubuque's recommended FY 2024 property tax is $9.9014 (increase of
1.90% from FY 2023)
Fiscal Year 2024 City Property Tax Rate Comparison for Eleven Largest Iowa
Cities
Rank City Tax Rate
11 Waterloo (FY23) $18.97
10 Council Bluffs (FY24) $18.26
9 Des Moines (FY24) $17.56
8 Davenport (FY24) $16.78
7 Cedar Rapids (FY24) $16.03
6 Iowa City (FY24) $15.63
5 Sioux City (FY24) $15.42
4 West Des Moines (FY24) $11.76
3 Ankeny (FY24) $10.52
2 Ames (FY24) $9.96
1 Dubuque (FY24) $9.90
AVERAGE w/o Dubuque $14.62
ACTION STEP
The action step is for City Council to adopt the two resolutions setting the public hearing
on the Fiscal Year 2024 City budget, operating and capital improvement program, for
the City of Dubuque.
JML
Attachments
cc: Crenna Brumwell, City Attorney
Cori Burbach, Assistant City Manager
Prepared by Jennifer Larson, Chief Financial Officer, 50 W. 1Sh St., Dubuque IA 52001 (563) 589-4322
Return to Adrienne N. Breitfelder, City Clerk, 50 W. 1311 St., Dubuque, IA 52001, (563) 589-4100
RESOLUTION NO. 65-23
SETTING THE DATE FOR THE PUBLIC HEARING ON THE FISCAL YEAR 2024
BUDGET FOR THE CITY OF DUBUQUE
Whereas, Iowa Code Section 384.16 provides that the City Council shall set a time and
place for a public hearing on the Fiscal Year 2024 budget before the final budget
certification date and shall publish notice before the hearing as provided in Iowa Code
Section 384.16.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
DUBUQUE, IOWA:
Section 1. That the City Council shall conduct a public hearing on the proposed Fiscal
Year 2024 budget for the City of Dubuque in the City Council Chambers and virtually on
Thursday, March 23, 2023, beginning at 6:30 p.m.
Passed, approved and adopted this gth day of March 2023.
Brad M. ava agh, Mayor
Attest:
ice` �4:1
Adrienne N. Breitfelder, City Clerk
Prepared by Jennifer Larson, Chief Financial Officer, 50 W. 131h St Dubuoue IA 52001 (563) 589-4322
Return to Adrienne N. Breitfelder, City Clerk, 50 W. 131h St., Dubuque, IA 52001, (563) 589-4100
RESOLUTION NO. 66-23
SETTING THE DATE FOR THE PUBLIC HEARING ON THE FIVE-YEAR CAPITAL
IMPROVEMENT PROGRAM FOR FISCAL YEARS 2024 THROUGH 2O28 FOR THE
CITY OF DUBUQUE
Whereas, a proposed Five -Year Capital Improvement Program for the City of Dubuque
for Fiscal Years 2024 through 2028 has been prepared and submitted to the City Council;
and
Whereas, the capital projects for the first year of the program are included in the Fiscal
Year 2024 budget for the City of Dubuque; and
Whereas, it is deemed to be in the best interest of the City of Dubuque to conduct a
public hearing and adopt the five-year Capital Improvement Program simultaneously with
the public hearing and adoption of the Fiscal Year 2024 budget for the City of Dubuque.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
DUBUQUE, IOWA:
Section 1. That the City Council shall conduct a public hearing on the five-year Capital
Improvement Program for Fiscal Years 2024 through 2028 in the City Council Chambers
and virtually on Thursday, March 23, 2023, beginning at 6:30 p.m.
Passed, approved and adopted this 9th day of March 2023.
Attest:
a&'& tQ, // A�,ee�
Adrienne N. Breitfelder, City Clerk
3/7/23, 2:31 PM Local Government Property Valuation System
https://dom-localgov.iowa.gov/budget-renderer?id=13980 1/2
NOTICE OF PUBLIC HEARING -- PROPOSED BUDGET
Fiscal Year July 1, 2023 - June 30, 2024
City of: DUBUQUE
The City Council will conduct a public hearing on the proposed Budget at: City Council Chambers, 350 W 6th St. and Virtual Meeting Date: 3/23/2023
Meeting Time: 06:30 PM
At the public hearing any resident or taxpayer may present objections to, or arguments in favor of , any part of the proposed budget. This notice represents asummary of the supporting detail of revenues and expenditures on file with the City Clerk and County Auditor.
City budgets are subject to protest. If protest petition requirements are met, the State Appeal Board will hold a local hearing. For more information, consulthttps://dom.iowa.gov/local-budget-appeals.
The Budget Estimate Summary of proposed receipts and expenditures is shown below. Copies of the the detailed proposed Budget may be obtained or
viewed at the offices of the Mayor, City Clerk, and at the Library.
The estimated Total tax levy rate per $1000 valuation on regular property
9.99448
The estimated tax levy rate per $1000 valuation on Agricultural land is
3.00368
At the public hearing, any resident or taxpayer may present objections to, or arguments in favor of, any part of the proposed budget.
Phone Number
(563) 589-4322 City Clerk/Finance Officer's NAME
Jennifer Larson
Budget FY 2024 Re-estimated FY 2023 Actual FY 2022
Revenues & Other Financing Sources
Taxes Levied on Property 1 26,172,795 26,215,898 26,279,757
Less: Uncollected Property Taxes-Levy Year 2 0 0 0
Net Current Property Taxes 3 26,172,795 26,215,898 26,279,757
Delinquent Property Taxes 4 0 0 40,651
TIF Revenues 5 12,193,208 12,965,223 11,832,504
Other City Taxes 6 23,079,851 22,474,512 22,549,055
Licenses & Permits 7 2,355,200 3,968,583 2,163,762
Use of Money and Property 8 18,109,883 17,001,895 18,986,654
Intergovernmental 9 40,073,624 73,576,929 52,661,363
Charges for Fees & Service 10 53,085,648 48,011,182 46,559,220
Special Assessments 11 115,000 184,524 94,871
Miscellaneous 12 10,386,697 13,442,200 10,020,010
Other Financing Sources 13 26,001,671 28,276,430 18,266,215
Transfers In 14 40,819,033 60,975,318 28,074,817
Total Revenues and Other Sources 15 252,392,610 307,092,694 237,528,879
Expenditures & Other Financing Uses
Public Safety 16 36,814,028 35,611,690 30,844,979
Public Works 17 15,362,227 17,665,795 14,212,887
Health and Social Services 18 870,448 1,104,405 855,079
Culture and Recreation 19 16,757,148 17,836,519 13,423,062
Community and Economic Development 20 16,440,349 17,897,101 15,539,505
General Government 21 14,045,336 13,784,310 10,675,959
Debt Service 22 13,007,373 9,401,073 8,720,233
Capital Projects 23 48,561,659 124,527,940 28,044,260
Total Government Activities Expenditures 24 161,858,568 237,828,833 122,315,964
Business Type / Enterprises 25 75,616,851 94,398,755 53,515,597
Total ALL Expenditures 26 237,475,419 332,227,588 175,831,561
Transfers Out 27 40,819,033 60,975,318 28,074,817
Total ALL Expenditures/Transfers Out 28 278,294,452 393,202,906 203,906,378
Excess Revenues & Other Sources Over (Under) Expenditures/Transfers Out 29 -25,901,842 -86,110,212 33,622,501
Beginning Fund Balance July 1 30 70,063,956 156,174,168 122,551,667
Ending Fund Balance June 30 31 44,162,114 70,063,956 156,174,168
3/7/23, 2:31 PM Local Government Property Valuation System
https://dom-localgov.iowa.gov/budget-renderer?id=13980 2/2