The city’s annual budget represents the city’s operating plan for the fiscal year July 1st to June 30th. The budget is prepared in conformance with the City's fiscal performance goals and the Code of Iowa. A budget amendment is needed when expenditures for a function (such as Public Safety, Public Works, etc.) will increase over the original adopted amount. This is necessary this year since additional costs have been incurred due to the EF-3 tornado in July 2018. The increased expenditures help cover repair and replacement of City-owned property from the tornado, as well as cleanup City-wide. We also have additional expenditures due to new grants/donations received, Council designated projects funded by local option sales tax, and other items that are now known, such as liability insurance, retirements, etc. Adjustments have also been made for construction project costs. A public hearing will be held on May 28, 2019 at 5:30 pm in Council Chambers. For more information, see the budget agenda item from the May 13 Council meeting.
Below is the budget for FY20, which starts July 1, 2019, for the City of Marshalltown, including Marshalltown Water Works. It indicates the property tax levy rate of $15.38434 per $1,000 of taxable property valuations. This is an increase of 10.276 cents per $1,000. A Public Hearing was held March 11, 2019 at 5:30 p.m. at the City Council Chambers.
Below is the Budget Comparison Report for the City (excludes Marshalltown Water Works) for the fiscal years 2018-2020.
Below is the budget for FY20 for Marshalltown Water Works. Their Public Hearing was February 18th at 206 E. State Street. These amount are included in the City of Marshalltown's budget above.
For the 5-year Capital Improvement Plan information, see the category on the left titled "Capital Improvement Plan (CIP)". A Public Hearing was held March 11, 2019 at 5:30 p.m. at the City Council Chambers.
Other budget documents can be found as part of the Council meeting packets in January through March. Current and prior year budget documents can be found at the Iowa Department of Management website.