HomeMy WebLinkAbout07227SUBSTITUTED COPY
ORDINANCE NO. 7227
AN ORDINANCE LEVYING AND CERTIFYING THE CITY OF PUEBLO'S PROPERTY TAX MILL
LEVY MADE IN 2004 FOR THE 2005 BUDGET YEAR
WHEREAS, the City of Pueblo's budget for fiscal year 2005 has been prepared and
approved in accordance with the provisions of Article 7 of the Charter of the City of Pueblo, and
WHEREAS, the 2004 net assessed valuation of all taxable property in the City of Pueblo as
certified by the Pueblo County Assessor is $536,555,933 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 $8,387,979. NOW THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that:
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For the purpose of meeting the general operating expenses of the City of Pueblo during the
2005 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
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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 8, 2004
BY Robert Schilling
Councilperson
Ord #7 aa7
SUBSTITUTED COPY
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Background Paper for Proposed
ORDINANCE
AGENDA ITEM #32
DATE: NOVEMBER 22, 2004
DEPARTMENT: CITY MANAGER'S OFFICE
DAVID J. GALLI, CITY MANAGER
TITLE
AN ORDINANCE LEVYING AND CERTIFYING THE CITY OF PUEBLO'S
PROPERTY TAX MILL LEVY MADE IN 2004 FOR THE 2005 BUDGET YEAR
ISSUE
This ordinance sets the mill levy for the property tax to be assessed and collected for use in
the 2005 budget.
RECOMMENDATION
Approval of the ordinance.
FINANCIAL IMPACT
The levy is set at 15.633 mills, which is the same as 2004. It is estimated to collect
$8,387,979 of property tax on an assessed value of $536,555,933.