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HomeMy WebLinkAbout07079ORDINANCE NO. 7079 AN ORDINANCE LEVYING AND CERTIFYING THE CITY OF PUEBLO'S PROPERTY TAX MILL LEVY MADE IN 2003 FOR THE 2004 BUDGET YEAR WHEREAS, the City of Pueblo's budget for fiscal year 2004 has been prepared and approved in accordance with the provisions of Article 7 of the Charter of the City of Pueblo, and WHEREAS, the 2003 net assessed valuation of all taxable property in the City of Pueblo as certified by the Pueblo County Assessor is $531,058,643 and WHEREAS, the maximum allowed property tax revenue for fiscal year 2004, as adjusted for amounts estimated to be uncollected, pursuant to section 20(7)(c) or Article X of the Colorado Constitution is estimated to be $8,302,039. 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 2004 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 Assistant City Manager for Fiscal Operations, 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 10, 2003 BY Al Guru Councilperson APPROVED: President of City Council ATTEST: 1 PASSED AND APPROVED November 24, 2003