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Tax levy up for Iowa Valley Community college District

March 11, 2020
The Chronicle , Toledo Chronicle, Tama News-Herald

The Iowa Valley Community College Board conducted a public hearing on the proposed 2020-21 fiscal year budget on March 4 during their regular meeting in Marshalltown., No comments received from the public.

The budget was then approved, setting the maximum total expenditures for the coming year at $49.8 million. The new tax levy rate for FY21 is $1.58 per $1,000 valuation. The levy rate is going up .69692 cents from the current fiscal year due to the repayment of principal and interest on the planned issuance of general obligation bonds as a result of the passage of the District s $32 million bond issue in November 2019.

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