News Flash Home
The original item was published from 8/24/2023 1:58:00 PM to 8/24/2023 2:17:58 PM.

News Flash

Riley County Home Page

Posted on: August 24, 2023

[ARCHIVED] Additional revenue expected in 2024 will help offset Riley County property taxes

three story stone building with emergency vehicle parked in front

(RILEY COUNTY, KS – August 24, 2023) Riley County Commissioners approved an adjustment to the proposed 2024 budget during their meeting Thursday morning, August 24. The adjustment will lower the proposed 2024 mill levy for Riley County from 41.312 to 39.956. The change was made due to an expected increase in revenue from interest on the county's cash balances and investments. The increase in expected revenue will result in a reduction of $1,075,000 needed in ad valorem taxes for 2024.

"Originally, $925,000 was projected, and this is the number that was used in the budget document," explained Budget and Finance Officer Brittany Phillips. "However, with cash balances being relatively high, we are projecting increased revenue from interest at approximately 3.5%. The updated projection puts us around $2,000,000 in investment interest income for 2024. It’s important to note this amount still represents a conservative estimate."

The adjustment was made in advance of the August 28 public hearing for the 2024 budget as part of the declaration to exceed the revenue neutral rate. The new mill levy of 39.956 still represents a budget increase exceeding the revenue neutral rate compared to 2023, so the public hearing will take place as planned according to state requirements.

"The overall budget and tax rates can be reduced after the declaration is made to exceed the revenue neutral rate, but they cannot be increased," clarified Phillips.

The Riley County RNR public hearing is scheduled for Monday, August 28 at 9:15 a.m. in the Riley County Commission Chambers. Find more information about Revenue Neutral Rate requirements, as well as the schedule of public hearings for all taxing authorities in Riley County at www.rileycountyks.gov/rnr

The final Riley County budget for 2024 must be adopted by October 1, 2023.

Below is a table of ad valorem tax revenue for 2022 and 2023, as well as the projected amount for 2024. Additional revenue sources including fees for services, state and federal grant awards, and sales taxes are combined to fund the total expenditures for Riley County. The numbers below represent only ad valorem, or property tax, revenue amounts.

Riley County Taxes Levied202220232024- projected

Dollar Amount

$28,585,704

$30,426,513

$31,676,715

Mill Levy Rate

42.227

42.214

39.956

Additional Budget Information
Facebook Twitter Email

Other News in Riley County Home Page

storm clouds over residential neighborhood

Preparing for Severe Weather Season

Posted on: February 26, 2024
3 members of wildland fire crew wearing protective gear and carrying hand tools, flames visible

Prairie Burning Season in Riley County

Posted on: February 21, 2024
people standing and smiling while being presented certificates

Riley County Board of County Commissioners Honors Retiring Planning Board Members

Posted on: February 12, 2024 | Last Modified on: April 11, 2013
men and women sitting at wooden desks with flags and county seal in background

Board of County Commission Meetings

Posted on: January 1, 2024 | Last Modified on: April 11, 2013
limestone office building with stone sign in front reading Riley County Office Building

Updated Riley County Property Valuation for 2024

Posted on: February 2, 2024 | Last Modified on: April 11, 2013
photo of fire truck and firefighters at night

Randolph mobile home destroyed in fire

Posted on: January 26, 2024
white, red, and blue graphic describing presidential preference primary calendar

Presidential Preference Primary Election will be held March 19

Posted on: January 25, 2024 | Last Modified on: April 11, 2013
view over the shoulder of a firefighter using hose to douse trailer fire

One pet perished in structure fire that destroyed mobile home south of Manhattan

Posted on: January 22, 2024 | Last Modified on: April 11, 2013
icy blue background with text "caution extreme cold"

Riley County prepares for extreme cold

Posted on: January 10, 2024
photo of construction equipment with text Public Works Update

9/20/2023 Public Works Project Update

Posted on: September 20, 2023
Riley County office building with logo, blue filter, and text 2024 budget information

2024 Budget - true vs false

Posted on: September 11, 2023
stone office building with high archways

Riley County 2024 Budget Update

Posted on: August 29, 2023
sun and thermometer drawing to represent dangerous heat

Safety Tips for Excessive Heat

Posted on: August 18, 2023
commuity lagoon in Leonardville

Keats Sewer Project Update

Posted on: August 7, 2023
bivalent covid vaccines now available

Bivalent COVID-19 Doses at RCHD

Posted on: May 1, 2023
wildland firefighters, flames, and tall grasses

4/11/2022 Carlson Road Fire Update

Posted on: April 8, 2022

Road Construction & Closures

Posted on: February 4, 2011