NOTICE OF PUBLIC HEARING-CITY OF CUMMING-PORPOSED PROPERTY TAX LEVY Fiscal Year July 1, 2026-June 30, 2027

NOTICE OF PUBLIC HEARING-CITY OF CUMMING-PORPOSED PROPERTY TAX LEVY Fiscal Year July 1, 2026-June 30, 2027 The City Council of the City of Cumming, Iowa will hold a public hearing on the Proposed Fiscal Year City property tax levy as follows: Meeting Date: 3/23/26 Meeting Time 6 PM Meeting Location Cumming City Hall 649 N 44th Street Cumming, Iowa 60061 At the public hearing, any resident or taxpayer may present objections to or arguements in favor of the proposed tax levy. After the hearing of the proposed tax levy of $9.85486, the City Council will publish notice and hold a hearing on the proposed City budget Certified Effective Proposed 2025/26 2026-27 2026-2027 Taxable Valuations for Non-Debt Service $74,234,227 $77,865,421 $77,865,421 Consolidated General Fund $566,782 $566,782 $582,849 Operation & Maintenance of Public Transit 0 0 0 Aviation Authority 0 0 0 Liability, Property & Self Insurance $11,982 $11,982 $11,981 Support of Local Emergency Mgmt. Comm. 0 0 0 Unified Law Enforcement 0 0 0 Police & Fire Retirement 0 0 0 FICA & IPERS (If at General Fund Limit) $25,085 $25,085 $25,084 Other Employee Benefits $7,888 $ 7,888 $12,980 Capital Projects (Capital Improv. Reserve) 0 0 0 Taxable Value for Debt Service 104,072,881 151,039,307 151,039,307 Debt Service 0 0 $260,815 CITY REGULAR TOTAL PROPERTY TAX 611,737 611,737 893,709 CITY REGULAR TAX RATE 8.24064 7.85634 9.85486 Taxable Value for City Ag Land 1,540,698 1,643,658 1,643,658 Ag Land 0 0 0 CITY AG LAND TAX RATE 0 0 0 Tax Rate Comparison-Current VS. Proposed Residential property with an Actual/Assessed Valuation of $100,000/$110,000 Current Year Certified 391 2025/2026 Budget Year Proposed 2026/2027 483 Percent Change 23.53 City Regular Residential Commercial property with an Actual/Assessed Valuation of $300,000/$330,000 Current Year Certified 1,699 2025/2026 Budget Year Proposed 2026/2027 2255 Percent Change 32.73 City Regular Commercial City Website for full document: https://cumming.iowa.gov/wordpress/ City Telephone Number 515-981-9214 March 19 2026 LIOW0480659