Title
AN ORDINANCE DETERMINING THE SUM TO BE RAISED BY TAXATION FOR THE SPECIAL TAXING DISTRICT, DULUTH TRANSIT AUTHORITY, 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 for Duluth Transit Authority taxing district’s operations is hereby determined to be the sum of $2,174,408. which sum is levied against the taxable property of the city of Duluth and appropriated to the various accounts as set forth in the following sections:
Section 2. That pursuant to Minnesota Statutes, Section 458A.31, Subd.1, there will be levied for transit operations the sum of $2,174,408.
Section 3. 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 for the special taxing district, Duluth Transit Authority (DTA). Although the transit authority is a special taxing district per Minnesota Statute 275.066, the city is obligated through council action to levy on their behalf.
The full levy allowable by law in Minnesota State Statute 458A.31 of .07253 percent of estimated market value for 2024 is in excess of $7.3 Million. The DTA, in reviewing their needs for 2024, is opting for $2,174,408. The DTA is requesting approximately .0215