Title
AN ORDINANCE DETERMINING THE SUM TO BE RAISED BY TAXATION FOR GENERAL PURPOSES FOR THE YEAR 2026.
Body
CITY PROPOSAL:
The city of Duluth does ordain:
Section 1. That the sum to be raised by taxation for the year 2026 is hereby determined to be the sum of $45,191,955 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. There will be levied for the support of the general fund the sum of $27,673,155.
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 $2,547,200.
Section 5. That for the payment of debt, there will be levied for the general obligation debt fund the sum of $7,564,200.
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. That there will be levied for the support of the street maintenance fund the amount of $2,300,000.
Section 8. That there will be levied for the support of capital funding the amount of $4,547,400.
Section 9. That this ordinance shall take effect January 1, 2026.
Statement of Purpose
STATEMENT OF PURPOSE: This ordinance sets the property tax levy for the year 2026. The increase for 2026 is $1,793,383, which is a 4.13% increase, equal to the projected 2026 tax receipts to the City of Duluth for new construction of 1.43% plus a 2.7% CPI inflation factor.