Department of Finance
Reference: Resolution Setting City Mill Levy 2020
To: Mayor Gregory Mills and Members of City Council
Through: Jane Bais DiSessa, City Manager
Prepared By: Kayla Barber-Perrotta, Budget Manager
Date Prepared: October 30, 2020
PURPOSE
To approve a resolution setting the property tax mill levy for 2020 at 6.65 mills.
STRATEGIC FOCUS AREA
Financially Responsible
BACKGROUND
The City Council has adopted the 2021 Budget, and the amount of money necessary to balance the budget for general operating purposes from property tax revenue is $3,601,983.
The mill levy of 6.65 will be certified to both Adams and Weld Counties and collected as general property taxes in 2021.
CRITERIA BY WHICH COUNCIL MUST CONSIDER THE ITEM
Any increase to the mill levy requires a public vote.
STAFF RECOMMENDATION
Staff is recommending no change to the mill levy.
OPTIONS FOR COUNCIL CONSIDERATION
Approve, amend, or deny the proposed resolution.
ATTACHMENTS
Proposed Resolution