City cuts tax rate

Council wary of legislature

BY TOM CULLEN

Storm Lake City Administration has proposed a 1.5% decrease in the city’s overall property tax levy thanks to shrinking debt-service payments and lower-than-expected employee benefit payments.

The proposed total levy stands at $14.06 per $1,000 of taxable valuation, a 1.5% decrease from last year’s levy of $14.27 per $1,000.

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