HomeMy WebLinkAbout08285ORDINANCE NO. 8285
AN ORDINANCE LEVYING AND CERTIFYING THE CITY
OF PUEBLO’S PROPERTY TAX MILL LEVY MADE IN 2010
FOR THE 2011 BUDGET YEAR
WHEREAS, the City of Pueblo’s budget for fiscal year 2011 has been prepared
and approved (or is scheduled for approval) in accordance with the provisions of Article
7 of the Charter of the City of Pueblo, and
WHEREAS, the 2010 net assessed valuation of all taxable property in the City of
Pueblo as certified by the Pueblo County Assessor is $736,735,233 and
WHEREAS, the maximum allowed property tax revenue for fiscal year 2011,
pursuant to section 20(7)(c) or Article X of the Colorado Constitution is estimated to be
$11,517,382 subject to adjustment for uncollected amounts. NOW THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
For the purpose of meeting the general operating expenses of the City of Pueblo
during the 2011 Fiscal Year, there is hereby made, set and levied a tax of 15.633 mills
upon each dollar of the total assessed valuation of all taxable property located within the
City of Pueblo on the assessment date.
SECTION 2.
The City Council of the City of Pueblo does hereby certify to the County
Commissioners of Pueblo County, Colorado the following mill levy imposed by this
Ordinance upon each dollar of the total valuation for assessment of all taxable property
located within the City of Pueblo on the assessment date:
Gross Mill Levy 15.633 mills
SECTION 3.
The City Clerk is hereby directed to deliver a certified copy of this Ordinance,
together with a Certificate of Tax Levies, form DLG 70, properly completed by the
Director of Finance, to the County Commissioners of Pueblo County, Colorado, and the
Division of Local Government immediately after passage of this Ordinance.
SECTION 4.
This Ordinance shall become effective upon final passage or the passage of an
ordinance making appropriation for the General Fund, Special Revenue Funds, Debt
Service Funds, Capital Projects Funds, Enterprise Funds, and Internal Service Funds
for the fiscal year 2011 and adopting the budget for the year 2011, whichever shall last
occur.
INTRODUCED: November 8, 2010
BY: Judy Weaver
COUNCILPERSON
PASSED AND APPROVED: November 22, 2010
Background Paper for Proposed
ORDINANCE
DATE: AGENDA ITEM # R-5
November 8, 2010
DEPARTMENT:
OFFICE OF THE CITY MANAGER
JERRY M. PACHECO, CITY MANAGER
JENNY M. EICKELMAN, ASSISTANT CITY MANAGER
TITLE
AN ORDINANCE LEVYING AND CERTIFYING THE CITY OF PUEBLO’S PROPERTY
TAX MILL LEVY MADE IN 2010 FOR THE 2011 BUDGET YEAR
ISSUE
This ordinance sets the mill levy for the property tax to be assessed and collected for
use in the 2011 budget.
RECOMMENDATION
Approval of the ordinance.
FINANCIAL IMPACT
The levy is set at 15.633 mills, which is the same as 2010. It is estimated to generate
$11,517,382 (less $200,000 estimated to be uncollectible) in property tax on an
assessed value of $736,735,233.