The public hearing for Lake City’s Fiscal Year (FY) 2021 budget has been scheduled for their next meeting on Monday, March 23. According to Administrator, Eric Wood, Lake City’s finances have remained relatively stable for the last several years and he says the same is true for this year’s budget. Total revenues and expenditures nearly match with each estimated at approximately $2.5 million. He says the most notable aspect of the budget is a decrease in the residential property tax levy of $1.27 per $1,000 of taxable valuation from $21.05 in the current fiscal year. Again, the public hearing is scheduled for Monday, March 23 at 5 p.m. at the Lake City council chambers. The public is encouraged and invited to attend. Cities have until March 31 to file their certified budgets with the Iowa Department of Management.