The public hearing for the proposed 2016 Scott County budget will be held on Thursday, February 12th at 5:00pm in the first floor board room at the Scott County Administrative Building, 600 W. 4th Street, Davenport, Iowa.

The proposed FY16 budget is $80,775,787, a $1.1 million increase over last year.  General fund expenditures will increase $545,858.  FY16 taxable valuation is up 1%, with the majority of that increase coming from the residential rollback, state rules increasing the taxable value of residential and agricultural property taxable amount …

Each year I like to bring attention to the announcement made by the State of Iowa, in late Fall, concerning the Rollback.  You may know that we are not taxed on the assessed value of your property but on the “taxable” value.  The taxable amount is determined by applying a percent (the Rollback) to your assessed value.

Residential and Ag properties are tied together in the Rollback formula.  If either of those classifications increase in value, the taxable value of both classifications is allowed to increase. …