The Worthington City Council is expected to certify its preliminary 2025 levy during its meeting Monday night.
The proposed city of tax levy of $8,479,206 breaks down into an operating levy of $7,386,917 and special tax levies of $1,092,289. The proposed levy represents a 16.85% increase over 2024. The proposed levy is an amount not to exceed and may be lowered, but not raised for the final levy certification in December.
Among the items the council will be asked to consider prior to deciding what to pre-certify the levy at are:
All three union contracts are up for renewal, so the cost-of-living increase is not known at this time.
The city's health insurance increase is not known at this time, but a 12% increase has been built into the budget presented. City staff has run two other scenarios – one at a 30% increase and one at 50% increase. If the renewal comes in at 30%, this would result in an additional levy amount of $204,729 or 2.82% additional levy. If the renewal comes in at 50%, this would result in an additional levy amount of $432,206 or 5.985% additional levy.
Council members are expected to pre-certify the preliminary 2025 levy Monday before taking official action during a meeting scheduled for noon Tuesday.
Comments