Budget

Property Tax Decrease
8:32 am
Wed April 4, 2012

Keokuk School Budget Approved

The Keokuk School Board has signed off on the district’s roughly $32-million spending plan for the upcoming school year.

One of the highlights is the fact that the property tax rate will drop by 73-cents, or nearly 4%.  The district’s share of property tax bills are not expected to fall by 4%, though, because of the residential rollback.

The budget also includes an expansion of Keokuk’s preschool program for 4-year-olds.  The addition of a second classroom will allow an increase in enrollment from 30 to as many as 80 preschoolers starting in the fall.

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New Home Construction
10:19 pm
Wed March 7, 2012

City Buying Middle School

West Burlington Superintendent Dave Schmitt

The West Burlington School District has agreed to sell its former middle school to the city for just $1.

Superintendent Dave Schmitt says this is the best option for the entire community.

“We could have gotten $5,000-$10,000 for the building,” says Schmitt, “but then there could have been that risk that it become dilapidated or an eyesore for our community.”

The city plans to tear down the former school at 211 Ramsey Street so several new homes can be built, one of which would be targeted to low-income families.

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Major Capital Expenses
7:28 am
Tue March 6, 2012

Keokuk Approves City Budget

Keokuk’s budget for the fiscal year that begins July 1, 2012 attempts to get the city back on track when it comes to equipment and infrastructure.

The city council has approved the roughly $29-million spending plan after working on it for several months and holding multiple Saturday workshops.

The numbers show that most departmental budgets will be at or just slightly above their level in the current city budget.

Mayor Tom Marion says holding down spending was one goal for the new budget.

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Vote Expected Soon
5:06 pm
Thu March 1, 2012

Keokuk School Budget Cuts

The Keokuk School Board must make some serious cuts to next year’s budget.

Superintendent Lora Wolff says the district will actually lose roughly $550,000 in state aid because of its declining enrollment.

She says dwindling revenues and increasing expenditures mean balancing the spending plan for the 2012/2013 school year will require a reduction of $1.3-million.

The district plans to use cash reserves and unspent balances to cover nearly $600,000.

The rest of the shortfall ($700,000) will have to come from budget modifications.

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Annexation, Downtown, Franchise
3:08 pm
Tue February 14, 2012

Fort Madison Sets Budget Hearing

Fort Madison City Manager Byron Smith

Fort Madison residents can weigh in on the city’s spending plan next week.

A public hearing and the initial city council vote on the $25-million spending plan are scheduled for Tuesday, February 21.

City Manager Byron Smith says the budget could be considered status quo.

“I would not say bare-bone, but it is kind of basic for what we are doing,” says Smith.  “We did not propose any major staffing increases or decreases.”

Smith says money is available for employee raises and to expand nuisance enforcement.

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