The Finance Department ensures the fiscal integrity of the City by developing, maintaining, and administering all programs related to the accounting of municipal revenues and expenditures. This includes capital improvement planning, budget planning, debt management, and implementation of financial controls. The Department also manages purchasing, prepares financial and budget reports, administers utility billing.

Budget & Levy

General Budget Process

• Budget and Tax Levy work begins annually in June
• Preliminary Levy set in September
• Resident Information meeting in December
• Final Levy to Scott County end of December

 Budget Information Page

Bond Rating

In 2021 Standard & Poor's (S&P) confirmed its current credit rating for the City of Credit RIver. Credit River's general obligation debt is rated at AA+, placing Credit River among a small percentage of cities in the United States achieving this high level. This rating is just below a AAA rating, the highest available.

S&P Rating Report 

Special Assessments

Special Assessments are imposed upon properties within the City of Credit River for a particular improvement that benefits the owners of that property.

Special assessments payment options are outlined below:

1. Pay the entire assessment amount interest free by November 15th following the adoption of the assessment roll.
2. Allow the assessment to be collected in equal installments on your property tax statement. Credit River typically finances over ten years. Interest calculated at the assessment adoption will be greater than 2% more than Credit River borrows for. You may pay the remaining balance at any time during the payoff period by November 15th of each year.

Please contact the Finance department to receive an up-to-date payoff balance.

If you are a prospective buyer and wish to search for an assessment on a property, use the link to the form below:

Assessment Search Form

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