The Manhattan City Commission is preparing to give its initial approval to the 2020 budget.
The legislative session begins Tuesday at 7 p.m. The meeting includes a public hearing on the budget.
The 2020 property tax rate is 49.76 mills, a .41-mill increase from 2019’s rate of 49.36. A mill is $1 in tax for every $1,000 in assessed, taxable property value.
Based on a 0.4% increase in the average value of a home in Manhattan, a .41-mill increase means a homeowner paying $567.58 in city taxes for a home worth $100,000 in 2019 would pay $574.54 in taxes for a home worth $100,400 in 2020.
That is an increase of $6.96 or 1.23%.
The total published budget is $163.9 million, an increase of $9.5 million or 6.15% from 2019.
Administrators expect to collect $29.14 million in property taxes in 2020 at the proposed rate. This is an increase of $757,816 or 2.7% from 2019.
The city will look at amending the 2019 budget during the meeting as well.
The commission also plans to look at the first reading of the equipment reserve fund for the city, as well as an ordinance relating to impoundment and boarding at the T. Russell Reitz Animal Shelter.
Additionally, the city also plans to examine a development plan for the Lee Mill Village Residential Planned Unit Development during the meeting. The development is 25.5 acres on South Wreath Avenue and Overbrook Place in Manhattan.
A discussion about an ordinance rezoning the Colbert Hills Stay-and-Play is also on deck during the meeting.