The Clive City Council recently approved a 2017-18 operating budget that will maintain property tax at its current rate and provide funding for two new city government positions.
The budget blueprint, which takes effect in July, keeps the city’s property tax rate at $10.14 per $1,000 of assessed valuation, one of the lowest in the Des Moines metropolitan area, according to the City of Clive.
Under the budget plan, the city and the West Des Moines Community School District will pool funds to create a new public safety position. The city will also hire a new planner at the Clive Community Development Department.
“Every year we continue to hone our budget process to make sure we are looking many years into the future to be the best financial stewards of Clive taxpayer dollars, making Clive the best deal in the metro to live, raise a family and operate a business,” said Scott Cirksena, mayor of Clive.
The budget’s adoption comes after Moody’s Investors Services Inc. upgraded the city’s bond rating to AAA, the top rating awarded by the agency.
“The AAA rating reflects the city’s strong financial operations, healthy liquidity and ample revenue-raising flexibility,” Moody’s said. “The stable outlook reflects our expectation that the city’s credit quality will remain strong due to the power of the regional economy, structurally balanced financial operations and healthy reserve levels.”
Clive is the third Iowa city to receive the AAA rating after Iowa City and West Des Moines.
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