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


Proposed FY2021 Budget Presentation


Presented at the City Council meeting on February 25, 2020

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  1. Public Input
  2. FY2021 Budget Calendar

Public Input


The City welcomes citizen input about the City budget.  To share your feedback about the budget or learn more:
Attend
  • City Council meetings (second and fourth Tuesdays of the month) and speak during the citizen comment period (a time for public comment, but not discussion; it is a violation of open meeting laws for the Council to discuss items not on the agenda).
  • City Council work sessions, held immediately following most council meetings.
  • Attend and comment at the public budget hearing.
  • Submit written comments no later than 5:00 pm on the day of the meeting to City Clerk Thor Johnson, tjohnson@coralville.org, or at 1512 7th Street, Coralville, IA 52241.

Let Us Know


Learn More



What Is the Proposed Property Tax Levy Hearing?


Tuesday, February 25, 2020 at 6:30 pm
The property tax levy hearing is 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 2021 property tax levy is scheduled for:
City Council meeting
Tuesday, February 25, 2020 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 FY21 Maximum Property Tax Levy Hearing Notice (PDF)

The notice for the hearing contains three columns of information:
  • The first column shows the property tax dollars and rates for the current fiscal year. 
  • The second column carries those same property tax dollars forward to Fiscal Year 2021 and calculates the tax rate that would produce.
  • The third column shows the property tax dollars and rate proposed for Fiscal Year 2021, including a calculation of the percentage change.

City Council Passes Resolution for Maximum Property Tax Levy


Resolution 2020-21 establishing the maximum property tax dollars for levy was passed unanimously by the City Council at its regular meeting at 6:30 pm on February 25, 2020.  View resolution

At the same City Council meeting, the proposed Fiscal Year 2021 budget was presented to the public.