 The city 's main sources of tax revenue come from income tax , set at 2 @.@ 25 % , and property tax . Voters approved an increase in the income tax rate from 2 @.@ 0 % in November 2013 to fund a new police station and the new rate took effect January 1 , 2014 . The rate increase includes a sunset provision that requires the tax rate to return to 2 @.@ 0 % once debt is paid off on the new facility . In 2014 , the city operated on a budget of approximately $ 40 million . The largest percentage of the budget , 31 % or $ 11 @.@ 9 million , was spent on public safety services followed by 22 % or $ 8 @.@ 5 million on basic utilities . Debt service accounted for $ 6 @.@ 0 million or 17 % of the budget while transportation projects accounted for 9 % or $ 3 @.@ 37 million of the budget , 8 % or $ 3 @.@ 33 million towards general government expenses , and $ 2 @.@ 35 million allocated for construction of a new police station . 
