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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Feb 04, 2024

Page

10

Budget gaps grow as property tax cuts hit Iowa towns

Swisher and other Iowa communities face multi hundred thousand dollar gaps as state policy links tax levy to valuation growth. Swisher's general fund budget shows a 75 000 hole prompting cuts to park and vehicle projects and removal of capital reserves. Linn County Coralville Marion and others grapple with reduced levy growth and shifted costs as residential rollback drops to 46.3 percent.

Swisher Tawnia Kakacek Johnson County Kakacek Iowa Iowa Department of Revenue Linn County Coralville Kelly Hayworth Hayworth Fire and Parks and Recreation Marion Ryan Waller Waller Swisher Public Works Justin Fields Department of Public Works Geoff Stellfox the Gazette Iowa City Statehouse Dan Dawson Council Bluffs Chamber Ways and Means

Iowa residential rollback shaping city budgets in 2025

Iowa property tax changes lower residential rollback to 46.34 percent for 2025 with exemptions for seniors and veterans. Cedar Rapids and Iowa City see modest taxable growth amid new exemptions and appeals, while officials seek predictable rollback rates to plan budgets and protect services.

Iowa Cedar Rapids Heidi Stiffler Kim Reynolds Jeff Pomeranz Pomeranz

Also Mentioned on This Page

Matono Erin Murphy The Gazette Des Moines Marissa Payne Thegazette Cedar’ Rapids Bever Park
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