Body
Department of Finance
Reference: Resolution Setting City Mill Levy 2017
To: Mayor Richard N. McLean and Members of City Council
Through: Philip Rodriguez, City Manager
Prepared By: Jean Starr, Finance Director
Date Prepared: 10/10/2017
PURPOSE:
To approve resolution setting the property tax mill levy for 2017 at 6.65 mills.
BACKGROUND/HISTORY:
The City Council has adopted the 2018 Budget, and the amount of money necessary to balance the budget for general operating purposes from property tax revenue is $2,687,900.
Preliminary net assessed values by the Adams and Weld County Assessors are $380,587,100 and $23,611,720, respectively.
The mill levy of 6.65 will be certified to both Adams and Weld Counties and collected as general property taxes in 2018.
CRITERIA BY WHICH COUNCIL MUST CONSIDER THE ITEM:
Any increase to the mill levy requires a public vote.
OPTIONS FOR COUNCIL’S CONSIDERATION:
Staff is recommending no change to the mill levy.
ATTACHMENTS
Resolution