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RESOLUTION PROPOSING THE SUM TO BE RAISED BY TAXATION FOR GENERAL PURPOSES FOR THE YEAR 2023.
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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 2023 for general operations is hereby determined to be the sum of $41,704,326 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 $28,647,026.
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 $2,547,200.
Section 5. For the payment of debt, there will be levied for the general obligation debt fund the sum of $7,357,600.
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 $2,300,000
Section 8. That there will be levied for the support of the Duluth housing trust fund the amount of $292,500
Statement of Purpose
STATEMENT OF PURPOSE: This resolution sets the maximum property tax levy for the year 2023. The Mayor’s proposed property tax levy increase for 2023 is $3,409,300, which is an 8.90% increase. Of the total increase, $3,259,300 funds general operations, $50,000 funds debt service costs attributed to interest rate increases, and $100,000 funds increased salaries, benefits, and increased cost of goods in the street light fund.
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 lesser amount.
The council will have the opportunity to discuss budget priorities and the funding for these priorities before the final levy is set in December.