The assessed property valuation in Junction City has decreased by $3 million. Last week, County Commissioners announced that the County property valuation incurred a $2 million loss.

Allen Dinkel, City Manager, said that the City’s assessed valuation is received from the County.

“It’s based on the property values, ours went down $3 million and the County went down $2 million – and I know [you] are thinking [the County’s] should have went down more because they’re larger, but ag land probably increased a little bit because it’s a different formula,” said Dinkel.

Dinkel noted that the number is provided to City officials through the County Appraiser.

In order for the mil levy to stay the same in Junction City, some expenses will have to be cut. City Commissioners will have their final budget session for the 2018 budget on Tuesday (june 27th) evening.

Officials have not yet indicated where cuts will be made in the 2018 budget.