Body
Department of Finance
Reference: Resolution Setting City Mill Levy 2018
To: Mayor Kenneth J. Kreutzer and Members of City Council
Through: Philip A. Rodriguez, City Manager
Prepared By: Jean B. Starr, Interim Asst. Finance Director
Date Prepared: November 8, 2018
PURPOSE
To approve a resolution setting the property tax mill levy for 2018 at 6.65 mills.
STRATEGIC FOCUS AREA
Financially Responsible
BACKGROUND
The Taxpayer’s Bill of Rights (TABOR) Amendment to the Colorado Constitution in 1992 prohibits any increase to the mill levy except by vote. The City of Brighton mill levy has been set at 6.65 mills since 2003.
Preliminary net assessed values by the Adams and Weld County Assessors are $389,201,612 and $20,351,590, respectively. Thus, the proposed budget property tax revenue in FY 2019 is $2,745,200.
The mill levy of 6.65 will be certified to both Adams and Weld Counties and collected as general property taxes in 2019.
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