Dubuque City Manager Mike Van Milligen submitted the City of Dubuque’s recommended fiscal year 2020 budget to the Dubuque City Council at their Monday, Feb. 4, meeting. Public meetings will be held throughout February.
City Portion of Property Taxes
The FY2020 recommended budget provides a 2.43 percent decrease in the City property tax rate which exceeds the City’s goal of a 0.97 percent property tax rate reduction outlined by the FY2020 budget guidelines. The 2.43 percent decrease would result in no property tax increase for the average Dubuque homeowner ($139,493 home value) and a property tax decrease for commercial (-1.48 percent, -$48.53), industrial (-1.79 percent, -$87.16), and multi-residential (-7.07 percent, -$132.29) properties. When compared to the FY2019 rates of Iowa’s 11 largest cities, Dubuque’s FY2020 rate would have the second lowest property tax rate.
City Services & Fees
The recommended budget includes City service rate and fee increases intended to provide additional revenue to maintain and expand service levels. Monthly impacts to the average homeowner would increase sewer rates by $1.82, water rates by $1.46, solid waste collection rates by $0.25, and stormwater rates by $0.53 per Standard Family Unit (SFU) equivalent.
The FY2020-FY2024 debt reduction plan in the recommended budget includes the elimination of $91,655,428 in existing debt, the issuance of $44,941,848 in new debt, and accessing $18,868,490 of existing loans. This proposal satisfies the Mayor and City Council’s directive to retire more debt than is issued each year, with a net reduction of $27,865,590 (10.44%) of debt over the next five years. To support this goal, the City of Dubuque has accomplished a 9.77 percent ($28,800,000) reduction in debt and 35 percent decrease in the use of the statutory debt limit over the last five years.
Public Budget Documents
All FY2020 recommended budget documents are available on the City’s website at www.cityofdubuque.org/FY2020budget. Printed copies are available for viewing at the City Clerk’s office in City Hall and available for checkout from the Carnegie-Stout Public Library Reference Desk.
The City Council will hold a series of six public meetings to review City department/division budget details as part of the FY2020 recommended budget review process. The City Council will then hold a final public hearing on Thursday, March 7, to adopt the FY2020 Operating and Capital Budgets.
The public is invited to attend and provide input at these meetings as City staff from each department and division present FY2020 budget information to the City Council. Budget meetings are also aired live on CityChannel Dubuque (Mediacom cable channels 8 and 117.2) and streamed live and archived on the City’s website at www.cityofdubuque.org/media. All meetings begin at 6 p.m. and are held in the City Council Chambers on the second floor of the Historic Federal Building at 350 W. Sixth St.
Thursday, Feb. 7: Information Services, City Attorney, City Clerk, Cable TV, City Manager's Office, and City Council
Monday, Feb. 11: Health Services, Human Rights, Library, Airport, and Finance
Wednesday, Feb. 13: Housing and Community Development, Planning, Economic Development, and Transportation Services (Parking and The Jule)
Thursday, Feb. 21: Purchase of Services, Five Flags Civic Center, Grand River Center, Parks, and Recreation
Monday, Feb. 25: Emergency Management, Emergency Communications, Police, Fire, and Building Services
Wednesday, Feb. 27: Water, Water & Resource Recovery Center, Public Works, and Engineering
Thursday, March 7: Public Hearing to adopt the Fiscal Year 2020 budget
Residents and stakeholders can also provide input on the budget by submitting comments at www.cityofdubuque.org/FY2020budget. For additional information, call 563.589.4322.
# # #