For a number of years homeowners in Wood River got used to paying lower taxes. The tax levy is staying basically flat for the third consecutive year, with the 2013-2014 fiscal year levy coming in at $2,117,403. Mayor Fred Ufert says while the city is trying to keep its rates low, this still represents an increase of about 1%.
For years, the continued stabilization or lowering of the taxes has been used as a marketing tool when it comes to attracting new people and businesses to town. He also notes that since the city has kept up with its payments to the police and fire pension funds, they are not in the same bind as many other municipalities across the state.