Mill Levy will increase for one year

 

August 25, 2017



Sidney’s mill levy will increase from 0.43 to 0.53, Ed Sadler, Sidney city manager, reported to the city council Tuesday at their regular meeting.

“If you look at where your mill levy is going to be for operations budgets, the general fund and for the debt service, you’re talking slightly over 0.5 for the mill levy,” he said. “It’s currently about 0.4.”

The increase is only for one year, and due to payments being made on two bonds.

“It’s going up,” Sadler said. “The following year it’s going to drop back down again because you’ve added these bonds that you passed a...



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