I think some clarification is in order here.
Mayor Whalen states on her new blog “When determining our levy one of the things we look at is growth. The County Assessor estimated that we saw a 2.0% – 2.5% overall new home growth. If you subtract that from the final levy increase (over 2019) of 5.66% it leaves an increase of approximately 3.2%-3.7%”
That’s assuming, incorrectly, that for every percent in growth the city needs a 1:1 ratio increasing the tax levy. That’s simply not true. First, the 2-2.5% referenced here is the increase in the city’s total market valuation from new homes, not the number of new homes built. That could be a very small number of expensive homes or a lot of inexpensive homes. There is no correlation between market valuation increases and a need for higher taxes.
The tax levy should only be increased because of increased costs (plus inflation) due to growth, not simply because of market valuation increases. Theoretically you could have one home built that accounts for the entire 2% growth…which wouldn’t justify any tax levy increase at all. I’m not implying that is the case, just using an example that makes the point.