HomeMy WebLinkAbout07550ORDINANCE NO. 7550
AN ORDINANCE LEVYING AND CERTIFYING THE CITY OF PUEBLO'S PROPERTY TAX MILL
LEVY MADE IN 2006 FOR THE 2007 BUDGET YEAR
WHEREAS, the City of Pueblo's budget for fiscal year 2007 has been prepared and approved
in accordance with the provisions of Article 7 of the Charter of the City of Pueblo, and
WHEREAS, the 2006 net assessed valuation of all taxable property in the City of Pueblo as
certified by the Pueblo County Assessor is $638,285,267 and
WHEREAS, the maximum allowed property tax revenue for fiscal year 2007, pursuant to
section 20(7)(c) or Article X of the Colorado Constitution is estimated to be $9,978,314 subject to
adjustment for uncollected amounts. 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
2007 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.
This Ordinance shall become effective upon final passage.
INTRODUCED November 13, 2006
BY Randy Thurston
Councilperson
APPROVED: �• �
President o f City Council
ATTESTED BY:
CITY CLERK
PASSED AND APPROVED: November 27, 2006
Background Paper for Proposed
ORDINANCE
AGENDA ITEM #
DATE: NOVEMBER 13, 2006
DEPARTMENT: OFFICE OF THE CITY MANAGER
DAVID J. GALLI, CITY MANAGER
DOUGLAS M. FITZGERALD, ASSISTANT CITY MANAGER
TITLE
AN ORDINANCE LEVYING AND CERTIFYING THE CITY OF PUEBLO'S
PROPERTY TAX MILL LEVY MADE IN 2006 FOR THE 2007 BUDGET YEAR
ISSUE
This ordinance sets the mill levy for the property tax to be assessed and collected for use in
the 2007 budget.
Approval of the ordinance.
FINANCIAL IMPACT
The levy is set at 15.633 mills, which is the same as 2006. It is estimated to collect
$9,978,314 of property tax on an assessed value of $638,285,267.