File #: 23-055-O    Name:
Type: Ordinance Status: Passed
File created: 12/1/2023 In control: Finance
On agenda: 12/11/2023 Final action: 12/18/2023
Title: AN ORDINANCE DETERMINING THE SUM TO BE RAISED BY TAXATION FOR GENERAL PURPOSES FOR THE YEAR 2024.

Title

AN ORDINANCE DETERMINING THE SUM TO BE RAISED BY TAXATION FOR GENERAL PURPOSES FOR THE YEAR 2024.

 

Body

CITY PROPOSAL:

 

The city of Duluth does ordain:

 

Section 1. That the sum to be raised by taxation for the year 2024 is hereby determined to be the sum of $42,609,029 which sum is levied against the taxable property of the City of Duluth and appropriated to the various accounts of the city, as set forth in the following sections.

 

Section 2. There will be levied for the support of the general fund the sum of $28,881,915.

 

Section 3. There will be levied for support of funding an eight percent market adjustment pay increase for Duluth firefighters the amount of $413,214.

 

Section 4. There will be levied for support of funding for library materials the amount of $50,000.

 

Section 5. There will be levied for support of the Parks fund the amount of $280,000.

 

Section 6. That there will be levied for the support of the street lighting fund the sum of $2,547,200.

 

Section 7. That for the payment of debt, there will be levied for the general obligation debt fund the sum of $7,564,200.

 

Section 8. That pursuant to Laws of Minnesota 1971, Chapter 824, to pay for the portion of the cost of local improvements which will not sustain a special assessment, there will be levied for the permanent improvement fund the sum of $280,000

 

Section 9. That there will be levied for the support of the street maintenance fund the amount of $2,300,000.

 

Section 10. That there will be levied for the support of the Duluth housing trust fund the amount of $182,500.

 

Section 11. That there will be levied for the support of the Housing Inspector the amount of $110,000.

 

Section 12. That this ordinance shall take effect January 1, 2024.

Statement of Purpose

STATEMENT OF PURPOSE:  This ordinance sets the property tax levy for the year 2024. The proposed property tax levy increase for 2024 is $1,287,653, which is an 3.12% increase. Of the total increase, $617,839 funds general operations, $413,214 partially funds an eight percent market adjustment pay increase for Duluth firefighters, $50,000 funds library materials, and $206,600 funds increased debt service to replace aging capital.

 

The levy amount to support the Duluth Housing Trust Fund was reduced by $110,000 and allocated to an additional housing inspector in the Fire Department.