WOODSTOCK — The Woodstock City Council voted Monday to keep the city’s property tax rate for fiscal 2014 at the same rate charged to city taxpayers this year.
The council adopted the 7.889 millage rate for the fiscal 2014 budget during its meeting Monday night by a 5-0 vote, with Councilman Randy Brewer absent.
The council held public hearings on the proposed millage rate at its past three meetings, but no residents came forward to speak.
Chief Financial Officer Robert Porche said during the meeting Monday that the most recent information regarding the property tax digest had not changed since Aug. 12.
“There’s still 250 appeals as of Aug. 12,” Porche said. “My prediction of where the digest is going to end up is probably down another 0.4 percent of those Aug. 12 numbers. … That being said, we’re still going to be up two and a half percent total growth since last year.”
As of Aug. 12, Porche said 550 of the 800 appeals had been adjudicated, and the tax digest dropped $5 from the preliminary numbers released in May. However, Porche said that the property tax digest was still up from 2012.
Porche said the city’s property tax digest was up 3.18 percent over last year, as of Aug. 12, but that number may fall a bit after all appeals go through.
“We still budgeted below the Aug. 12 numbers, so our fiscal year 2014 budget is still in good shape,” Porche said.
The city’s property tax makes up about 33 percent, or a third of the total general fund revenue of $16.85 million, according to Porche.
If there is additional revenue, Porche said that will go into the general fund, and redirection of the cash can be voted on by council.
“We took a conservative approach, to make sure we didn’t overestimate the revenue,” he said.
Porche added that so far this year, Woodstock has had the most single-family building permits he’s seen since 2008.
“We just had the biggest month for single-family building permits that we’ve had since I’ve been here, in 2008,” Porche said. “Through the end of August 2011 we were at 96 permits, through the end of August 2012, 145 permits, and as of today we’re at 206.”
During the council’s meeting Monday, it also:
• Proclaimed National Payroll Week;
• Proclaimed College Colors Day;
• Proclaimed Firefighter Appreciation Week;
• Proclaimed Sept. 11 National Day of Service and Remembrance;
• Appointed Kim Sellers to the Downtown Development Authority;
• Presented an update on the city’s Opportunity Zone Application;
• Held a public hearing and authorized submitting the 2013 Capital Improvement Element and Short Term Work Program update to
the Department of Community Affairs;
• Voted to grant an alcohol license to Leaning Ladder, Puzzle Play, LLC;
• Voted for the purchase of a road marking system;
• Discussed and passed the first reading revising the stormwater service fee; billing delinquencies and collections;
• Discussed and passed the first reading amending the fee schedule for community development; and
• Discussed the Arnold Mill/Town Lake Parkway widening engineering.