The Clinton Herald, Clinton, Iowa

Clinton

May 22, 2013

City forced to cut $1.1M from budget

CLINTON — The city of Clinton is scrambling to cut more than $1.1 million from next year’s budget because of a settlement that was reached between the Clinton Board of Review and Archer Daniels Midland.

As part of a settlement that ADM and the Clinton Board of Review reached earlier this month, ADM will receive more than $2.5 million in tax credits from the city, county and Clinton School District because the agency overpaid property taxes on its cogeneration facility, corn processing plant and bio-processing plant in the 2010 and 2011 assessment years.

While the city will be able to pay off its portion of the tax credits for the bio-processing plant and the corn plant, which amounts to roughly $212,000, in fiscal year 2014, the credits for the cogeneration facility will impact the city into fiscal year 2016. The cogeneration facility’s lowered valuation will cost the city around $788,586.

During the Internal Operations Committee meeting Tuesday, Finance Director and interim City Administrator Jessica Kinser told committee members the city’s portion of the tax credit paired with the agreed-upon assessments of ADM’s facilities means the city’s fiscal year 2014 budget will be impacted by approximately $1.1 million.

At-Large Council member John Rowland asked how the assessment, particularly of the cogeneration facility, could have been lowered so drastically. The facility was originally assessed at $77 million, but the settlement sets its value at $7.6 million for the 2010 assessment year.

“Is the assessor qualified and trained to do the assessments of properties such as ADM and other large industrial sites? Because again, back to that discrepancy, how could those assessments be off so far?” Rowland asked.

The property in question was labeled a utility plant in 2008 and was thus exempt from property taxes in 2009.

However, City Assessor John Moreland and other city officials protested the tax-exempt designation.

Text Only
Clinton
  • Minnick New director at Ashford CLINTON -- Ashford University has appointed a new vice president/campus director of its Clinton campus. Charlie Minnick has been appointed for the position. He has been in the position on an interim basis since Jan. 1. Ashford University Provost Lori

    April 19, 2014 1 Photo

  • Women on Fire event is Wednesday at Vista Grande CLINTON -- For many years, women in business have been honored in the city of Clinton, but on Wednesday, they have a night all their own. The Women are on Fire event will begin at 5 p.m. Wednesday at the Vista Grande in Clinton and will offer an oppo

    April 19, 2014

  • McEleney McEleney elected to insurance board CLINTON -- A car dealership owner recently earned a spot on a national insurance board. John McEleney, of Clinton and owner of McEleney Motors, was elected to the Board of Directors of the Federated Insurance Companies. The election took place this w

    April 19, 2014 1 Photo

  • Clinton looks into roadway safety upgrades Herald Staff Report Clinton looks into roadway safety upgrades

    April 19, 2014

  • L'Kings keep Hot Rods cold BOWLING GREEN, Ky. -- There's nothing like jumping on a team when it's down, and the Clinton LumberKings did just that Friday night. For the second night in a row, the LumberKings used a five-run inning to take a victory at Bowling Green Ballpark, th

    April 19, 2014

  • Way of the Cross photo The Way of the Cross By Amy Kent Herald Staff Writer The Way of the Cross

    April 19, 2014 1 Photo

  • AGENDA: 4-22-14 Clinton City Council

    The Clinton City Council will meet Tuesday at 7 p.m. followed by a committee of the whole.

    April 18, 2014

  • Theft trial for man charged in Wolfe sisters' murders

    A western Pennsylvania man accused of having robbed and killed his next-door neighbors, two sisters of Iowa Rep. Mary Wolfe, now also faces trial on charges that he stole another woman's wedding ring a year ago.

    State police in Greensburg allege that 43-year-old Allen Wade of East Liberty, Pa., stole the ring while delivering a refrigerator to a home in April 2013. Westmoreland County Common Pleas Judge Rita Hathaway on Thursday agreed to schedule the case for trial.

    April 18, 2014

  • More felonies added to sex abuse charges CLINTON -- A Clinton man already facing multiple felony charges for allegedly sexually abusing a child is now facing six more felonies for sexual exploitation of a child. Tony D. James, 45, was charged this past weekend with six counts of sexual expl

    April 18, 2014

  • Wildlife service to conduct burnings CLINTON -- The U.S. Fish and Wildlife Service will conduct several prescribed burns this spring. The burns will take place on the Upper Mississippi River National Wildlife and Fish Refuge in Carroll and Jo Daviess counties. Sites planned for burning

    April 18, 2014

Clinton Herald Photos


Browse, buy and submit pictures with our photo site.

Facebook