By Tim SchmidtRecord Managing EditorWright City officials expect a slight increase in its 2015 property tax rates to generate approximately $7,600 more revenue compared to a year ago.The tax levy was set at 84.92 cents for every $100 of assessed valuation. The 2014 rate was 82.15 cents.The rate will be applied to personal property and real estate when tax bills are paid at the end of the year.Aldermen, at last Thursday’s meeting, voted unanimously to approve the rate. A public hearing was held at the start of the meeting.The 2015 levy is expected to generate $412,870 in revenue, compared to $405,240 last year.The 2015 rate includes a levy of 50.42 cents for the general fund, 9.36 cents for the park fund, 18.73 cents for the street light fund and 6.41 cents for the debt service fund.Overall, the city’s assessed valuation is dropping from $49,493,651 to $48,630,448.The assessed valuation of real estate property for 2015 is $41,014,559, down from $42,149,176 in 2014.Assessed valuation of personal property increased to $7,615,889 compared to $7,344,475 in 2014.Each tax rate is determined by dividing the amount of revenue required by the current assessed valuation. The result is multiplied by 100 so the tax rate will be expressed in cents per every $100 of assessed valuation.In other news• The board approved transferring $200,000 from the water depreciation fund to the water fund to cover the costs of the Westwoods Road waterline project and moving $2,000 from the building/code enforcement fund to the police department. Earlier in the month, the board agreed for the police department to take over the primary duties of code enforcement.• The city’s health insurance rates will be staying the same for 2016, while the monthly dental premium dropping slightly for each employee. The board voted 4-0 to renew its current health, dental and vision plan with Missouri Consolidated Health Care Plan. The rates will remain the same with the city paying $605.76 per employee.• The Sept. 10 board of aldermen meeting has been cancelled and will not be rescheduled. Officials agreed to call a special meeting if needed. The next regularly scheduled meting is Sept. 24.• A special permit was issued for Liberty Christian Academy to hold a 5K run/walk on Oct. 31. The school will pay $50 to cover the cost of having an additional police officer present. The event will start at 8:30 a.m.• The board approved the second payment request in the amount of $52,875.49 to MB Construction related to the ongoing waterline project on Westwoods Road. The total project cost is $195,566.• A special permit was issued to Wolford Automotive Sales, LLC, to hold a customer appreciation event on Saturday, Sept. 19, from 11 a.m. to 5 p.m. The dealership is located at 14980-B Veterans Memorial Parkway. The event will feature a fundraiser supporting Wreaths Across America and a car show.• Public Works Director Larry Janish received approval to attend a one-day training session. The course cost is $75.Wright City