Body
Department of
Reference:
To: Mayor Richard N. McLean and Members of City Council
Through: Philip Rodriguez, City Manager
Prepared By: Jean Starr, Finance Director
Date Prepared: October 10, 2017
PURPOSE:
To approve resolution setting the property tax mill levy for 2017 at 0.00 mills.
BACKGROUND/HISTORY:
The Commissioners have adopted the 2018 Budget, and the amount of money necessary to balance the budget for general operating purposes from property tax revenue is $0.00.
Preliminary assessed value by the Adams County Assessor is $324,940
The mill levy of 0.00 will be certified to Adams County and no general property taxes will be collected in 2018.
CRITERIA BY WHICH COUNCIL MUST CONSIDER THE ITEM:
An increase to the mill levy may occur when infrastructure is required.
BUDGET IMPACT:
The South Brighton G.I.D. budget will be balanced if the $0.00 property tax revenue is used.
OPTIONS FOR COUNCIL’S CONSIDERATION:
Staff is recommending no change to the mill levy.
OPTIONS FOR COUNCIL CONSIDERATION
Adopt, Amend, or Deny
ATTACHMENTS
Resolution