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A RESOLUTION ACCEPTING THE AMOUNTS AND RATES AS DETERMINED BY THE BUDGET COMMISSION AND AUTHORIZING THE NECESSARY TAX LEVIES AND CERTIFYING THEM TO THE COUNTY FISCAL OFFICER
Executive Summary: Each year the City is required to pass a resolution accepting the property tax rates as determined by the County Budget Commission. The tax rates are for tax year 2012 due in 2013. For collection year 2013, the .10 mills Fire & EMS Bond expired and the Library Construction Bond was increased by .05 mills resulting in a net decrease of .05 mills.
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Legislative History
None.
Purpose & Explanation
The City previously filed the Alternative Tax Budget Information form with the County of Summit Budget Commission for the next succeeding fiscal year commencing January 1, 2013. The Budget Commission has determined the necessary tax levies and requires the City adopt a resolution accepting the amounts and rates.
Timing Considerations
The resolution must be passed by November 5, 2012.
Fiscal Impact
Currently Budgeted
Supplemental Appropriation Required
X Appropriation Not Required.
Suggested Action
recommendation
Staff recommends City Council pass the resolution authoring the amounts and rates.
Submitted by,
Jeff Knoblauch, Finance Director