IRONWOOD — The 2015-’16 budget the Ironwood City Commission will consider Monday includes a small increase in city property taxes.
According to the proposed budget resolution, property taxes of $1,777,000 are projected, compared to the $1,675,000 approved a year ago, or less than a 1 percent increase.
The city’s fiscal year runs through June.
The total general fund budget to be considered Monday by city commissioners is $3,168,000, up $41,000 from a year ago.
The total of all expenditures in the city for the upcoming fiscal year, including street, water, sewer and equipment funds, is $12,229,600.
A total of $1,019,000 is expected to be received by the city for the year in state grant awards.
The following tax mills, 29.6658 in total, will be collected:
—General fund: 19.2 mills.
—Library fund: .9658 mill.
—Police and fire pension fund: 6.5 mills.
—2015 street bond debt service: 2 mills.
—Civic center fund: 1 mill.
Also, 1.9414 mills are levied against the C-2 (commerical) zoned Downtown Commercial District and used for financing the Downtown Ironwood Development Authority.
The budget hearing is scheduled for 5:15 p.m., before the commission’s regular 5:30 p.m. session in commission chambers on the second floor of the Memorial Building.
Adoption of the budget is on the agenda for the regular meeting.