In a recent city council meeting in Billings, officials discussed the proposed property tax mill levies for the upcoming fiscal year, focusing on balancing the budget while addressing community concerns about rising taxes. The council is considering two options: setting the minimum mills required to fund the adopted budget or levying the maximum allowed under the city charter.

City officials presented data indicating that the budget was initially based on a projected value growth of 1%, but actual growth reached 1.5%. This discrepancy has led to discussions about the potential for additional revenue through increased mill levies, particularly for the general fund and public safety. The difference between the minimum and maximum mills could generate an additional $276,000, primarily benefiting the general fund and public safety initiatives.

Council members expressed varying opinions on the necessity of raising taxes, with some advocating for the maximum levy to bolster city reserves, which have been depleted in recent years. Others argued for a more conservative approach, emphasizing the financial strain on residents amid rising costs of living and utility fees. Concerns were raised about the city's cash flow, particularly the need for sufficient reserves to cover expenses between tax payments.

The council ultimately decided to postpone the decision on the mill levies for two weeks, allowing for further discussion and input from the budget and finance committee. This delay reflects the council's recognition of the complexities involved in balancing fiscal responsibility with the needs of the community, particularly in light of ongoing economic challenges faced by residents. The final decision on the mill levies will be revisited in the next council meeting, where officials hope to reach a consensus that addresses both budgetary needs and taxpayer concerns.