Prior to the budget filing in March each year, the City Council performs a budget development process for the upcoming fiscal year which includes multiple budget workshops and meetings in January and February. Residents and other stakeholders are welcome to provide their input at these meetings or by contacting City staff and Councilmembers.
The City Council discussed the FY 2021-2022 budget at its January 14th and January 28rd meetings. The budget memos and presentation materials from those meetings are available below:
Budget Workshop #1 Presentation 1.14.21
Public Works Budget Memo
Budget Workshop #2 Presentation 1.28.21
General Fund Budget Memos
For the fiscal year 2021-2022, the City is keeping its property tax rate level at $10.14 per $1000 of valuation. This is the sixth consecutive year the rate has been steady. Clive has historically had some of the lowest--if not the lowest--municipal and combined property tax rates in the Des Moines Metro.
Given the economic uncertainty caused by the COVID-19 pandemic, the Council crafted the FY2021-2022 budget to hold spending steady while providing adequate funding for infrastructure investments and services that are highly valued by Clive residents and businesses. General fund expenditures--which cover most City departments—will increase 2.5% over FY 2020-2021 levels primarily to cover 911 dispatch service costs and the City's share of expenses to fully staff Urbandale Fire State #43 which provides services in the western neighborhoods of Clive.
This budget and the accompanying Capital Improvement Plan that was approved in December also support multiple strategic infrastructure investments. In the 2021 construction season alone, Clive will invest over $26 million on projects that residents and businesses will benefit from for decades. Here are some of the highlights:
- $11 million for the completion of the new Clive Public Safety Center. Clive broke ground on the 44,000 square foot structure this past fall and it is scheduled to open in late 2021. Including funds spent in 2020 for land acquisition and demolition of the previous structure on the site, the total project cost will be approximately $15 million. Local Option Sales and Services Tax (LOSST) funds are being used to finance the project and offset the need for property tax rate increases.
- $8.7 million for repairing, reconstructing, and improving Clive streets, including $4.08 million for the next phase of the Clark St. reconstruction and $1.8 million for an asphalt overlay on Meredith Drive and Warrior Lane near the developing Shadow Creek North neighborhood.
- $1.675 million to stabilize the Little Walnut Creek stream corridor and extend the Greenbelt Trail west of Alice's Road. LOSST funds will be used to finance this project.
- Over $2.5 million for improvements to Greenbelt Landing, the area south of Walnut Creek which includes the Clive Special Events Building.
In April 2021, Moody's Investor Services assigned a Aaa rating to $8.12 million in Clive General Obligation Corporate Purpose Bonds. Clive's previous bond issues in 2018, 2019, and 2020 also received Aaa ratings. The 2021 bonds will fund capital improvement projects in Clive scheduled for 2021 and 2022, including completion of the new Public Safety Facility. Clive is one of only a handful of cities in Iowa--and one of the smaller cities in the United States--to earn Moody's highest rating. Moody's based their rating on Clive's "strong financial operations, healthy liquidity, and ample revenue-raising flexibility."
State legislation (SF 634) adopted in 2019, requires the City to notify the public about any additional property tax collections that exceed 2% in the proposed budget as compared to the current budget. The legislation requires this public notice and the public hearing prior to the adoption of the budget in March. Following this public hearing and approval by the Council, the City cannot exceed the maximum property tax asking adopted. Resolution Approving FY22 Maximum Property Tax Dollars 2.25.21