Title
AN ORDINANCE DETERMINING THE SUM TO BE RAISED BY TAXATION FOR GENERAL PURPOSES FOR THE YEAR 2020.
Body
CITY PROPOSAL:
The city of Duluth does ordain:
Section 1. That the sum to be raised by taxation for the year 2020 is hereby determined to be the sum of $33,836,500 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. That there will be levied for the support of the general fund the sum of $22,029,300.
Section 3. There will be levied for support of the Parks fund the amount of $280,000
Section 4. That there will be levied for the support of the street lighting fund the sum of $1,764,600.
Section 5. That there will be levied for the support of the street maintenance utility fund the amount of $2,500,000.
Section 6. That for the payment of debt, there will be levied for the general obligation debt fund the sum of $6,982,600.
Section 7. 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 8. That this ordinance shall take effect January 1, 2020.
Statement of Purpose
STATEMENT OF PURPOSE: This ordinance sets the property tax levy for the year 2020. The 2020 levy reflects a total increase of 8.46% which will be partially offset by a growth in property tax values of 6.51%.