Mayor's Message: August 2025
August 13, 2025
Hello Lake Quivira Residents,
As we complete our 2026 budget, I would like to make you aware of an upcoming property tax increase.
The City has secured General Obligation Bonds to pay for the new spillway and the purchase of the 40 acres of to the south of the City. The spillway replacement was mandated by the state of Kansas, and the land was purchased as an effort to insulate our community from outside development
Our City earned an investment-grade bond rating of AA- from S&P Global ratings. This results in a competitive market for our bonds with seven financial institutions submitting bids.
The terms are:
- Principal: $3,500,000
- 15-year duration
- Callable after 8 years
- Rate of 3.653%
The increased property tax for the average home at Lake Quivira (based on a $1 million tax appraisal) to repay the bond will be $70 per month.
Going forward, the City is pursuing new revenue in the hopesof reducing the tax burden on our residents:
Please let me know if you have any questions.
Thank you.
Dave McCullagh
Mayor, City ofLake Quivira
