HomeMy WebLinkAbout10589ORDINANCE NO. 10589
AN ORDINANCE LEVYING AND CERTIFYING THE CITY OF
PUEBLO PROPERTY TAX MILL LEVY MADE IN 2023 FOR THE
2024 BUDGET YEAR
WHEREAS, the City of Pueblo's budget for fiscal year 2024 has been prepared and
approved, and
WHEREAS, the 2023 net assessed valuation of all taxable property in the City of
Pueblo as certified by the Pueblo County Assessor is $1,365,503,868, and
WHEREAS, the property tax revenue for the fiscal year 2024 is estimated to be
$21,046,922; 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 2024 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 fo Finance, to
the County of 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 2024 fiscal year spending. All
2024 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 authorized to perform any and all acts
consistent with the intent of this Ordinance to implement the policies and procedures described
herein.
SECTION 6.
This Ordinance shall become effective on the date of final action by the Mayor and City
Council.
Action by City Council:
Introduced and initial adoption of Ordinance by City Council on November 13, 2023.
Final adoption of Ordinance by City Council on November 27, 2023.
____________________________
President of City Council
Action by the Mayor:
☒ Approved on November 29, 2023 .
☐ Disapproved on ______________ based on the following objections:
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
____________________________
Mayor
Action by City Council After Disapproval by the Mayor:
☐ Council did not act to override the Mayor's veto.
☐ Ordinance re-adopted on a vote of ____________, on _____________
☐ Council action on _______ failed to override the Mayor’s veto.
____________________________
President of City Council
ATTEST
________________________________
City Clerk
City Clerk's Office Item # R1
Background Paper for Proposed
Ordinance
COUNCIL MEETING DATE: November 27, 2023
TO: President Heather Graham and Members of City Council
CC: Mayor Nicholas A. Gradisar
VIA: Marisa Stoller, City Clerk
FROM: Alexandria Romero, Director of Finance
Nicholas Gradisar, Mayor
SUBJECT: AN ORDINANCE LEVYING AND CERTIFYING THE CITY OF PUEBLO
PROPERTY TAX MILL LEVY MADE IN 2023 FOR THE 2024 BUDGET
YEAR
SUMMARY:
The attached Ordinance sets the mill levy for the property tax to be assessed and
collected for use in the 2024 budget.
PREVIOUS COUNCIL ACTION:
None.
BACKGROUND:
For the purpose of meeting the general operating expenses of the City of Pueblo during
the 2024 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 2023. It is estimated to generate
$21,046,922 in property tax, this amount is net of estimated uncollectible taxes. The
assessed value, as provided by the Pueblo County Assessor, is $1,365,503,868.
BOARD/COMMISSION RECOMMENDATION:
Not applicable
STAKEHOLDER PROCESS:
Not applicable.
ALTERNATIVES:
Not applicable.
RECOMMENDATION:
Approval of this Ordinance.
ATTACHMENTS:
None