HomeMy WebLinkAbout09062ORDINANCE NO. 9062
AN ORDINANCE LEVYING AND CERTIFYING THE CITY OF
PUEBLO’S PROPERTY TAX MILL LEVY MADE IN 2016 FOR
THE 2017 BUDGET YEAR
WHEREAS, the City of Pueblo’s budget for fiscal year 2017 has been prepared and
approved in accordance with the provisions of Article 7 of the Charter of the City of Pueblo, and
WHEREAS, the 2016 net assessed valuation of all taxable property in the City of Pueblo
as certified by the Pueblo County Assessor is $1,010,415,229 and
WHEREAS, the maximum allowed property tax revenue for fiscal year 2017 pursuant to
section 20(7)(c) or Article X of the Colorado Constitution is estimated to be in excess of
$15,795,821. 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 2017 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.
The officers and the staff of the City are directed and authorized to perform any and all
acts consistent with the intent of this Ordinance to effectuate the policies and procedures
described herein.
SECTION 5.
This Ordinance shall become effective upon final passage.
INTRODUCED: November 14, 2016
BY: Ed Brown
PASSED AND APPROVED: November 28, 2016
City Clerk’s Office Item # R-3
Background Paper for Proposed
Ordinance
COUNCIL MEETING DATE: November 14, 2016
TO: President Stephen G. Nawrocki and Members of City Council
CC: Sam Azad, City Manager
VIA: Gina Dutcher, City Clerk
FROM: Sam Azad, City Manager
SUBJECT: AN ORDINANCE LEVYING AND CERTIFYING THE CITY OF PUEBLO’S
PROPERTY TAX MILL LEVY MADE IN 2016 FOR THE 2017 BUDGET YEAR
SUMMARY:
The attached Ordinance sets the mill levy for the property tax to be assessed and collected for
use in the 2017 budget.
PREVIOUS COUNCIL ACTION:
None.
BACKGROUND:
For the purpose of meeting the general operating expenses of the City of Pueblo during the
2017 Fiscal Year this Ordinance will impose a mill levy upon taxable real property located within
the City of Pueblo.
FINANCIAL IMPLICATIONS:
The levy is set at 15.633 mills, which is the same as 2016. It is estimated to generate
$13,014,390 in property tax, which amount is net of agreed upon credits and estimated
uncollectible taxes, on an assessed value of $1,010,415,229.
BOARD/COMMISSION RECOMMENDATION:
Not applicable.
STAKEHOLDER PROCESS:
Not applicable.
ALTERNATIVES:
Not applicable.
RECOMMENDATION:
Approval of this Ordinance.
Attachments:
Proposed Ordinance.