Title
RESOLUTION PROPOSING THE SUM TO BE RAISED BY TAXATION FOR GENERAL PURPOSES FOR THE YEAR 2017.
Body
CITY PROPOSAL:
RESOLVED, that pursuant to Minnesota Statutes, Section 275.065, the city council adopts the following proposed tax levy:
Section 1. The sum to be raised by taxation for the year 2017 for general operations is hereby determined to be the sum of $25,448,392 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, viz:
Section 2. There will be levied for the support of the general fund the sum of $14,448,200.
Section 3. There will be levied for the support of the street lighting fund the amount of $1,087,592.
Section 4. There will be levied for the support of the street maintenance utility fund the amount of $2,800,000
Section 5. For the payment of debt, there will be levied for the general obligation debt fund the sum of $6,832,600.
Section 6. 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.
Statement of Purpose
STATEMENT OF PURPOSE: This resolution sets the maximum property tax levy for the year 2017.
The city council must approve and certify a proposed tax levy to St. Louis County no later than September 30. The council must adopt the final levy in December of the same or a lesser amount.
The 2017 levy reflects a total increase in the General Operations and Capital Projects Levies of 1.98% and the revenue-neutral swap of the current monthly Street Fee into the city portion of the property tax. Added together, the levy will increase 14.92%. This levy recognizes that the monthly Street Fee then goes away, and that the value of the street fee wi...
Click here for full text