The Linn County Board of Supervisors approved Linn County’s fiscal year 2021 budget on March 25, 2020, following the final public hearing for the FY21 budget, which runs July 1, 2020 to June 30, 2021. Linn County’s expenditure budget for FY21 is $132,590,000. Resources have been allocated to align with the County’s mission statement to “provide all customers the most satisfying products while maintaining sound fiscal management in order to enhance the quality of life in Linn County.”
Linn County’s FY21 budget planning began in November 2019 led by Linn County Finance Director and CPA Dawn Jindrich and Budget Director and CPA Sara Bearrows. The budget was developed through more than 20 public meetings between the Linn County Board of Supervisors, other Linn County elected officials, and department heads.
Linn County government accounts for approximately 16 percent of property taxes paid by Linn County property owners in incorporated areas. The remaining 84 percent of property taxes goes to the property taxpayer’s city of residence, school district and other taxing bodies in the county. Linn County taxes represent slightly more than one-third of property taxes for rural residents.
Fiscal Year 2021 Budget
Fiscal Year 2021 Budget Summary:
- Budget of $132.6 million – a decrease of $24,661,000 or 15.7 percent from last year. The decrease is due to the completion of the new Dr. Percy and Lileah Harris Building during fiscal year 2020. The Harris Building is home to Linn County Public Health and Child & Youth Development Services.
- Property taxes levied: $77.7 million -- an increase of 12.9 percent from FY20, primarily due to mental health services
- Property taxes account for 60 percent of Linn County’s budget
- Linn County’s countywide levy rate ranks third among the six largest urban counties in the State of Iowa
- Countywide levy rate is $6.40 per $1,000 of taxable value
- Rural services levy rate remains unchanged at $2.71 resulting in a combined rate of $9.11 paid by residents in the unincorporated areas
- Local Option Sales Tax revenue of $2.7 million is budgeted for road construction; $1.5 million for Conservation projects; and $1.5 million in property tax relief for rural residents
- Rural property owners will see property tax relief of $1.00 in the rural services levy rate in fiscal 2021 due to Local Option Sales Tax revenue
- FY21 budget achieves goal of general fund ending balance of 25 percent. This is important in maintaining Linn County’s Aaa bond rating with Moody’s Investors Service. This allows the County to issue debt at the lowest possible cost to taxpayers. The 25 percent fund balance also provides the County with flexibility needed to address unforeseen events, such as the serious flooding that devastated Cedar Rapids and the surrounding areas in 2008. The ability to finance the immediate flood-related costs until short-term debt proceeds were received was critical to the County’s flood recovery efforts.
- Linn County’s 2021 fiscal year runs July 1, 2020 to June 30, 2021
Linn County has successfully maintained it Aaa bond rating (the highest rating possible) and has received the following awards from the Government Finance Officers Association for consistently exercising sound financial management and reporting:
- Certificate of Achievement for Excellence in Financial Reporting - 30 consecutive years
- Distinguished Budget Presentation Award - 24 consecutive years
- Outstanding Achievement in Popular Annual Financial Reporting - 21 consecutive years