Council to host budget meeting Monday
For the second time is as many weeks, the Marshalltown city council and city staff will meet to work on the FY 19 budget Monday at noon in council chambers.
It takes effect July 1, 2018, and expires June 30, 2019.
All budget-related items have been identified as discussion, meaning the council can not take official action at the meeting.
However, discussion on any topic may be used by councilors when taking action in the future, such as at city council meetings.
The first budget meeting Jan. 26 generated interest from the public, with at least nine residents in attendance.
Headlining Monday’s agenda is requests from local organizations for funding from Local Option Sales Tax revenue.
The council announced previously it would accept applications from local organizations for an undetermined amount of LOST funds no later than noon Feb. 1.
“This (application process) is brand new,” said Fourth Ward councilor Al Hoop last week. “It will be interesting to see what groups submit applications, and how much they will be requesting.”
Other agenda items include increasing cash reserve fund, discussing property tax levy, capital project funds and increasing band levy, among others.
At the Jan. 26 budget meeting, Finance Director Diana Steiner reported the Marshalltown Municipal Band has been funded by the city via property tax levy. The current levy is .03551 per $1,000 of taxable value which generates $9,000 in revenue used by the band for expenses, such as insurance, payroll, and equipment.
Matthew Herrick, President of the Marshalltown Municipal Band asked the city in writing for an increase effective July 1, 2018, because their budget had been “frozen” the last five years.
“In that time, there has been no equipment expenditures and wages have been lowered to less than minimum wage($20 for 3 hours equals $6.66/hour,” Herrick said.
He also claimed some equipment was in “dire straits.”
Specifically, the band president asked the council to increase the levy another .0024 per $1,000, thereby adding $2,000 to their budget.
There were no oral objections by councilors or the public to the MMB request at the Jan. 26 meeting.
Contact Mike Donahey at 641-753-6611 or firstname.lastname@example.org