Wednesday, March 8, 2017
Polk County Board of Supervisors to Approve 2017/2018 Budget:
Maintain Property Tax Rate
Des Moines, Iowa - The Polk County Board of Supervisors will hold a public hearing at its regularly scheduled meeting on Tuesday, March 14th, to review and approve the County’s proposed budget for fiscal year 2017/2018. The Board is expected to approve maintaining the property tax levy rate at $7.31 per $1,000 of taxable valuation for urban residents and $11.86 for rural residents.
John F. Mauro, Chair of the Polk County Board of Supervisors said “Polk County continues to be in excellent financial shape. The Board of Supervisors is pleased to continue to be able to treat our employees well and to continue investing in the development of our community.”
The FY 2017/2018 budget is comprised of basic operating expenditures totaling $209.4 million, debt service expenditures of $18.7 million and capital improvement expenditures of $38.6 million. These expenditures amount to a total budget of $266.7 million.
The FY 2017/2018 Capital Improvement Plan includes:
- Continued implementation of Polk County Water and Land Legacy projects including watershed management; the emptying, dredging and shoreline restoration of Easter Lake Park; construction of a Nature Center at Jester Park; and park and trail improvements
- Additional phases of the Courts Master Plan, primarily continued renovation of the old main jail into a criminal courts annex
- Improvements to secondary roads and bridges, including more than 31 miles of resurfacing
The County will receive approximately $6.6 million in Road Use Tax funding during FY 17/18. Approximately $5.8 million dollars of these funds will be used for road and bridge construction projects. The remaining funds ($800,000) will cover operating expenditures related to road maintenance.
Vice Chair, Angela Connolly added “We are very proud of the services that we provide to the residents of Polk County. Because of our strong financial position, we are able to find innovative solutions to the issues that we see in our community. In addition to the basic infrastructure projects we are able to truly invest in human service programs that help our most vulnerable families.”
In addition to capital improvements and human services, Polk County is dedicated to economic development in the metro area. One such investment, the Iowa Events Center, has brought record profits of nearly $1.9 million per year back to Polk County for the last two years, as well as immeasurable economic impact to the region.