Budget

About the City Budget

Each year, the City prepares a budget that accounts for the City's anticipated expenses and revenues for the upcoming fiscal year.  In conformance with the Code of Iowa, the City must produce a balanced budget for each fiscal year, which runs from July 1 through June 30.

See the Budget

Understand the Budget

FY2024-budget_300

FY2024 Budget

The FY2024 budget was presented at the City Council meeting on April 25, 2023.
View FY2024 budget presentation video

  1. FY2024 Budget Calendar
  2. Public Input

FY2024 Budget Calendar

Anticipated Date Process
Fall 2022 Departments begin budget review
Late 2022 Departments submit budget requests, requests are reviewed, and revenues are projected
January & February 2023 City Council discusses budget at work sessions
February 2023 Iowa Legislature corrected their error in the property tax rollback formula
March 3, 2023 City receives final figures from Johnson County Auditor
March 14, 2023 Set the maximum property tax levy public hearing at the City Council meeting
March 28, 2023 Hold the maximum property tax levy public hearing at the City Council meeting
April 25, 2023 Budget presented to the public at the City Council Meeting
April 25, 2023 Hold the public hearing of proposed budget at the City Council meeting
(Note: this was scheduled for April 11 but has moved to April 25)
April 25, 2023 City Council votes on adopting budget at the City Council meeting
By April 30, 2023 Deadline to file budget with Johnson County Auditor and with the State
July 1 Budget goes into effect (July 1-June 30)

When Is the Public Hearing for the Proposed FY2024 Budget?

The City Council will conduct a public hearing on the proposed FY2024 budget on Tuesday, April 25 at 6:30 pm at the City Council meeting held at Coralville City Hall, 1512 7th St., Coralville, IA 52241.  

View the proposed FY2024 budget (PDF)

What Is the Proposed Property Tax Levy Hearing?

Tuesday, March 28, 2023 at 6:30 pm

The property tax levy hearing was a new step in the budget process added through state legislation passed in May 2019; this additional step aims to further notify the public about property tax changes.

The public hearing for the proposed Fiscal Year 2024 property tax levy is scheduled for:

City Council meeting
Tuesday, March 28, 2023 
at 6:30 pm 
Coralville City Hall, 1512 7th Street

At the public hearing, any resident or taxpayer may present objections to, or arguments in favor of, the proposed tax levy. After adoption of the proposed property tax levy, the Council will publish notice and hold a hearing on the proposed city budget.

View the FY24 Maximum Property Tax Levy Hearing Notice (PDF)

The notice for the hearing contains three columns of information:

  1. The first column shows the property tax dollars and rates for the current fiscal year. 
  2. The second column carries those same property tax dollars forward to Fiscal Year 2024 and calculates the tax rate that would produce.
  3. The third column shows the property tax dollars and rate proposed for Fiscal Year 2024, including a calculation of the percentage change.

Coralville’s property tax levy rate is $14.3123 per $1,000 of taxable valuation. Coralville’s property tax levy rate is established by the City. The City Council is not proposing a change to the property tax rate for FY2024.