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ORDINANCE NO. 8401
AN ORDINANCE LEVYING AND CERTIFYING THE CITY
OF PUEBLO’S PROPERTY TAX MILL LEVY MADE IN 2011
FOR THE 2012 BUDGET YEAR
WHEREAS, the City of Pueblo’s budget for fiscal year 2012 has been prepared
and approved in accordance with the provisions of Article 7 of the Charter of the City of
Pueblo; and
WHEREAS, the 2011 net assessed valuation of all taxable property in the City of
Pueblo as certified by the Pueblo County Assessor is $865,647,982; and
WHEREAS, the maximum allowed property tax revenue for fiscal year 2012
pursuant to section 20(7)(c) or Article X of the Colorado Constitution is estimated to be
$13,532,675 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 2012 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.
INTRODUCED November 14, 2011
BY: Chris Kaufman
COUNCILPERSON
PASSED AND APPROVED: November 28, 2011
Background Paper for Proposed
ORDINANCE
DATE: AGENDA ITEM # Q-2
NOVEMBER 14, 2011
DEPARTMENT:
OFFICE OF THE CITY MANAGER
JERRY M. PACHECO, CITY MANAGER
JENNY M. EICKELMAN, INTERIM DEPUTY CITY MANAGER
TITLE
AN ORDINANCE LEVYING AND CERTIFYING THE CITY OF PUEBLO’S PROPERTY
TAX MILL LEVY MADE IN 2011 FOR THE 2012 BUDGET YEAR
ISSUE
This Ordinance sets the mill levy for the property tax to be assessed and collected for
use in the 2012 budget.
RECOMMENDATION
Approval of the Ordinance.
FINANCIAL IMPACT
The levy is set at 15.633 mills, which is the same as 2011. It is estimated to generate
$13,532,675 (less $200,000 estimated to be uncollectible) in property tax on an
assessed value of $865,647,982.