Rising property values, and tax revenue, are key features of next year's budget for the city of Davenport.
Wednesday night the city council will hold a public hearing, with final approval expected next week.
Brandon Wright, chief financial officer and assistant city administrator, says property tax revenue should rise 2.4 per cent in the coming fiscal year after several years of increasing just one per cent.
"We had really good growth in commercial and residential property taxes throughout the city. That allowed a bit more comfort during the budget process - not making it so difficult that we had to balance everything with large reductions that we had over the past several years."
The tax rate for residential and commercial property will stay at the same rate as the last several years, 16-dollars and 78-cents per 1,000 dollars assessed value.
Wright says more revenue means the city will be able to spend 41 million dollars on a variety of capital improvements.
"Sixty five per cent of the funds for our our capital improvement plan, for fiscal year 2018 - 65 per cent of those are dedicated to street and sewer projects."
One of the main projects on the list is 3.3 million dollars for the re-surfacing of Rockingham Road.
The proposed budget for Davenport for next year, totals 208 million dollars, about 3 1/2 per cent more than this year (201 million).
Local governments in Iowa are required to submit their budgets to the state by March 15th each year, for the fiscal year beginning in July.
