City to Ask for Levy Fund Reallocation on April 6 Ballot
On April 6, voters in Lee’s Summit will be asked to consider a ballot question allowing the City to reallocate a portion of its property tax levy, transferring 10 cents per $100 of assessed valuation from the debt service fund to the general operations fund. If passed, the reallocated funds can be used to address municipal building maintenance, enhance digital capabilities and invest in the City’s workforce.
The overall levy of $1.4563 per $100 of assessed valuation is not projected to change and is not accompanied by an overall tax increase. If the question is approved, it is the intention of the City Council to reduce the debt service levy rate by the equivalent amount.
The property tax levy is comprised of three funds with rates currently set at $0.8384 for the general operations fund, $0.1482 for the parks operations fund and $0.4697 for general obligation debt service. Approval of the ballot question would transfer 10 cents per $100 of assessed valuation from the debt service fund to the general operations fund. The new rates would be set at $0.9384 for the general operations fund, $0.1482 for the parks operations fund and $0.3697 for general obligation debt service using current valuations.
The reallocation is projected to shift approximately $2.3 million annually to the general fund operating budget. The transfer of funds can help support additional digital capabilities aimed at increasing convenience and flexibility for citizens, building maintenance needed to extend the life of City facilities, and investment in the City’s workforce to attract and retain qualified individuals committed to public service.
For more information about the April 6 ballot question, visit cityofLS.net/April-Election.
Paid for by the City of Lee's Summit | William A. Baird, Mayor
220 SE Green St., Lee's Summit, MO 64063