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ORDINANCE NO. 9370
AN ORDINANCE LEVYING AND CERTIFYING THE CITY OF
PUEBLO’S PROPERTY TAX MILL LEVY MADE IN 2018 FOR THE
2019 BUDGET YEAR
WHEREAS, the City of Pueblo’s budget for fiscal year 2019 has been prepared and
approved, and
WHEREAS, the 2018 net assessed valuation of all taxable property in the City of Pueblo
as certified by the Pueblo County Assessor is $1,047,299,461, and
WHEREAS, the maximum allowed property tax revenue for the fiscal year 2019 pursuant
to section 20(7) of Article X of the Colorado Constitution is estimated to be in excess of
$16,371,338; 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 2019 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.
All increases to the City of Pueblo’s net fund balance shall constitute and be considered
“reserve increases” and therefore a part of the City of Pueblo’s 2018 fiscal year spending. All
2018 year-end balances shall constitute and be considered “reserves” and all subsequent
expenditures and transfers from such reserves shall be excluded from the City of Pueblo’s fiscal
year spending within the meaning of Article X, Section 20 (2)(e) of the Colorado Constitution.
SECTION 5.
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 6.
This Ordinance shall become effective upon final passage.
INTRODUCED November 12, 2018
BY: Ed Brown
MEMBER OF CITY COUNCIL
APPROVED:
PRESIDENT OF CITY COUNCIL
ATTESTED BY:
ACTING CITY CLERK
PASSED AND APPROVED: November 26, 2018
City Clerk’s Office Item # R-2
Background Paper for Proposed
Ordinance
COUNCIL MEETING DATE: November 12, 2018
TO: President Christopher A. Nicoll and Members of City Council
CC: Sam Azad, City Manager
VIA: Brenda Armijo, Acting City Clerk
FROM: Sam Azad, City Manager
SUBJECT: AN ORDINANCE LEVYING AND CERTIFYING THE CITY OF PUEBLO’S
PROPERTY TAX MILL LEVY MADE IN 2018 FOR THE 2019 BUDGET YEAR
SUMMARY:
The attached Ordinance sets the mill levy for the property tax to be assessed and collected for
use in the 2019 budget.
PREVIOUS COUNCIL ACTION:
None.
BACKGROUND:
For the purpose of meeting the general operating expenses of the City of Pueblo during the 2019
Fiscal Year this Ordinance will impose a mill levy upon real property located within the City of
Pueblo.
FINANCIAL IMPLICATIONS:
The levy is set at 15.633 mills, which is the same as 2018. It is estimated to generate $14,442,868
in property tax, which amount is net of agreed upon credits and estimated uncollectible taxes, and
an assessed value of $1,047,229,461.
BOARD/COMMISSION RECOMMENDATION:
Not applicable.
STAKEHOLDER PROCESS:
Not applicable
ALTERNATIVES:
Not applicable.
RECOMMENDATION:
Approval of this Ordinance.
Attachments:
Proposed Ordinance.