Shenandoah City Council approves option to increase tax rate above no new revenue rate

The council held discussions regarding the tax rate for fiscal year 2021-22 on Aug. 11. (Hannah Zedaker/Community Impact Newspaper)
The council held discussions regarding the tax rate for fiscal year 2021-22 on Aug. 11. (Hannah Zedaker/Community Impact Newspaper)

The council held discussions regarding the tax rate for fiscal year 2021-22 on Aug. 11. (Hannah Zedaker/Community Impact Newspaper)

Shenandoah City Council voted 4-1 in favor of allowing an option for the city to adopt a tax rate higher than the no new revenue rate for the fiscal year 2021-22 budget during an Aug. 11 meeting.

Information presented to the council by Shenandoah Finance Director Lisa Wasner indicates the city has maintained a tax rate of $0.1799 per $100 of valuation since 2018. Based on the appraised taxable value in Shenandoah, the no new revenue rate would be $0.1737 in order to generate the same revenue in tax dollars as it did in 2020.

"The no new revenue rate will take the same parcels as last year, look at them and yield the same dollar amount," Wasner said. "If your appraisals are higher, your tax rate will be lower."

The city council approved of an option to maintain the tax rate at its current $0.1799. Wasner said the motion does not mean the new tax rate has to be above the no new revenue rate.

Council Member Ted Fletcher voted against the motion, noting the council would lose $73,000 of its budget if it stayed with the no new revenue rate.


"I am absolutely against raising our revenue," Fletcher said. "I think we can come up with $73,000 in our budget."

A public hearing has been set for Aug. 25 regarding the tax rate.
By Andrew Christman
Andrew joined Community Impact Newspaper in early 2019 after moving from Indiana. He is a 2015 graduate from Indiana State University, where he received degrees in English and journalism. He has written for a number of small town publications throughout his career as a reporter.


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