Iowa forecasts 18 percent drop in farm land values
The Iowa Assocation of Counties predicts an 18 percent statewide drop in agricultural land taxable values, leading to about 40 million dollars in county revenue losses. Tax revenue for cities schools and districts will fall, especially in rural counties, as values reflect five years of crop data rather than current market prices. Official evaluations will be released August 15 by the Iowa Department of Revenue and Finance.
MENTIONED IN THIS ARTICLE
Iowa
Iowa Association of Counties
Iowa Department of Revenue and Finance
Christoph Trappe
Gazette
Fter
Rhode Island
Michigan
Robert Garrison
State Patrol
Farmland Taxable Value Falls with Lower Crop Prices
The article explains a drop in farmland taxable value due to weaker crop prices. Fiscal 2003 to 2005 tax calculations shift away from 1995 1996 values toward 2000 2001 values, reducing revenue for counties cities schools and other districts already facing declines.
Cities weigh 1 percent sales tax funding options
In Linn County a June 10 countywide vote could fund multiple projects with a 1 percent local option sales tax. Cedar Rapids and other cities plan to use revenues for streets sewers water and buildings. Robins Alburnett Marion explore fire stations centers and sewer work. Walker and Central City may offset property taxes.
MENTIONED IN THIS ARTICLE
Dick Hogan
Cedar Rapids
RiverRun
Linn County
Robins
Alburnett
Marion
Walker
Central City
RiverRun City Market plan faces two year sales tax
Cedar Rapids would seek a two year 1 percent sales tax for RiverRun funding as part of City Market plans. Coggan and Prairieburg avoid ending date on June 10 ballot while Prairieburg Mayor Ron Kula cites desire to fund further improvements through sales tax.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Ed Linn
Coggan
Prairieburg
Ron Kula
House approves $550 billion tax cut in partisan vote
The House passes a $550 billion tax cut 222 to 203 with Iowa Republicans Jim Nussle Tom Latham and Steve Kine voting yes and Rep. Jim Leach opposing along with Rep. Leonard Boswell. Senate soon acts to unify bills against Bush's $726 billion proposal.
MENTIONED IN THIS ARTICLE
Washington
House
Iowa
Jim Leach
Leach
Jim Nussle
Tom Latham
Steve Kine
Vilsack Sets May 29 for Iowa Legislature Special Session
Gov Tom Vilsack announced May 29 as the date for a special session to tackle tax and business regulation reforms and the Iowa Values Fund. He expressed optimism that a consensus with GOP leaders will close the gap in three weeks and reach an agreement.
MENTIONED IN THIS ARTICLE
Gazette
Des Moines
Tom Vilsack
Iowa Values Fund
Iowa
Vilsack
GOP Plan Faces Hurdles On Tax Reform And Iowa Values Fund
Senate Republicans press a pay-as-you-go Iowa Values Fund up to 700 million over 10 years funded by a cigarette tax rise. The House backs an 810 million bond financed plan using gaming profits and uncollected Internet tax revenue, prioritizing school infrastructure. Senate would dedicate 10 million annually for 10 years, while opposition skews financing and tax changes.
MENTIONED IN THIS ARTICLE
Senate
Iowa
House
Senate Republicans
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Agland
Johnson County
Iowa State Association of Counties
Iowa State Patrol
Randy Stone
Oran Pape
Pape
Jim Trainor
House UK
S. Michael Myers
Howlowans
Leonard Boswell
Bush
Rod Boshart
GOP
Today’s Gazette
Iowa City
Iowa 1
TV Vision
ACC
Big Ten
Advice Bridge
Istar
Witty Kitty Inc
Lowa
Sunday’s Gazette
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