City of Lamar 2021 Budget-Mill Levy

Barbara Crimond | Oct 13, 2020 | Comments 0

Municipal Offices in Lamar

The Lamar City Council, passed on first reading, Ordinance #1242, addressing the city’s budget for the fiscal year beginning January 1, 2021. Following the public hearing on October 12^th, the council submitted the authorization of revenues and expenditures for the approaching year:

General Fund	$8,874,061
E-911 Fund	612,906
Sales Tax Fund	4,017,200
Conservation Trust Fund	235,500
Unemployment Fund	10,000
Victim Assistance Fund	15,400
Capital Improvement Fund	1,540,375
Lamar Building Finance Corporation	85,948
Library Fund	30,100
Fairmount Investment Fund	41,500
Sanitation Fund	1,632,000
Water/Sewer Fund	6,161,500
Lamar Ambulance Fund	535,391

The Charter Appropriation from revenues from the Lamar Utilities Board is $1,780,285.

The council also passed on first reading, the ordinance to levy and collect taxes for the fiscal year. The city recommended that the mill levy be set at 13.239 mills for each dollar of the total valuation for assessment of all taxable property with the city for the year 2020 which marks the 33^rd consecutive year there has been no property tax mill levy increase. With this mill levy, the city will collect $458,835 for 2021, approximately a 2% increase from 2020 which posted $450,159 in revenues.

Filed Under: City of Lamar • Featured • Media Release