The Hull City Council conducted a public hearing on the proposed budget for 2017-2018 and then passed the resolution for that budget at its March 13 meeting.
The new budget is good news for the city’s taxpayers.
“The tax levy for the ucoming year will drop from $13.2 to $12.7 per $1,000 valuation of property,” stated City Administrator Aaron Kooiker. “That amount is in line with other communities in our area, such as Rock Valley, Orange City and Sheldon.
The tax will drop because the town’s debt service went down. “Our general fund will stay at $8.10 per $1,000 and that’s how we fund almost everything in the city,” he explained. “But we’ve paid off some of our projects, so the debt service amount is lower.”
“The city is in a good financial position,” he added.
The Hull Council is looking at some street projects in the coming year. “We are trying to partner with the county to repave Division Street and there are some streets in town that need an overlay,” said Kooiker.
The council is also focusing on putting away funds for future capital improvements such as fire trucks, ambulances and garbage trucks so money doesn’t have to be borrowed for those expenditures.