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RESOLUTION PROPOSING THE SUM TO BE RAISED BY TAXATION FOR GENERAL PURPOSES FOR THE YEAR 2022. (REPLACEMENT)
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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 2022 for general operations is hereby determined to be the sum of $38,650,026 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 $25,510,226.
Section 3. There will be levied for support of the Parks fund the amount of $280,000
Section 4. There will be levied for the support of the street lighting fund the amount of $2,447,200.
Section 5. For the payment of debt, there will be levied for the general obligation debt fund the sum of $7,307,600.
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.
Section 7. There will be levied for the support of the street maintenance utility fund the amount of $2,500,000
Section 8. There will be levied for the support of the Duluth housing trust fund the sum of $325,000
Statement of Purpose
STATEMENT OF PURPOSE: This resolution sets the maximum property tax levy for the year 2022. The Mayor's proposed property tax levy increase for 2022 is $2,090,646, which is a 6% increase. The full increase funds general operations.
The City anticipates property tax value growth and new construction growth to be a combined 4.94%, after which the net property tax impact is 1.06%. The estimated annual increase to property owners for the City portion of the property tax bill is $1 more annually for a property...
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