Butler City is planning to cut the taxes of property owners in 2026.
As part of their budget meeting earlier this week, Council members discussed using money from the sale of BASA assets, or “legacy funds”, to address city debt.
Doing so would eliminate the need for over 11 mils or one quarter of property tax paid by City property owners which is specifically designated to be used for debt service.
The city is currently paying back three bonds including one from the county for infrastructure which has a low rate, one for the new city fire truck, and one for the Center City project which is the largest. Council has not yet decided which of these will be immediately paid off and which could be paid at a later date using interest from the legacy funds.
Additional information about this topic and others involving Butler City will be provided during Tyler Friel’s Friday conversation with Mayor Bob Dandoy on The Daily Focus.
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