LINCOLN – For the second straight year, the city of Lincoln has approved a property tax levy without an increase.
"I feel that holding the tax levy at the current rate is the right thing to do for taxpayers," said Tracy Welch, Ward 1 Alderman.
By law, the city can approve a tax increase equivalent to $30,000 to $40,000 to the city in the property tax payment every year. But the city met all of its financial obligations, so the city was able to keep its tax rate flat.
“The City Council wanted to send a clear message to our residents and business community,even in the face of state budget uncertainty, that the City of Lincoln is conscientious of everyone’s financial needs,” said Mayor Marty Neitzel.