HomeMy WebLinkAboutResolution No. 2015-30M
Suggested by: Administration
CITY OF KENAI
RESOLUTION NO. 2015 -30
A RESOLUTION OF THE COUNCIL OF THE CITY OF KENAI, ALASKA, FIXING THE
RATE OF LEVY OF PROPERTY TAX FOR THE FISCAL YEAR COMMENCING JULY 1,
2015 AND ENDING JUNE 30, 2016.
WHEREAS, the Code of the City of Kenai requires that the rate of levy of property tax
be set annually not later than the tenth day of June; and
WHEREAS, the Council has adopted the "City of Kenai 2016 Annual Budget," which
estimates property tax revenue based upon a tax rate of 4.35 mills.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF KENAI,
ALASKA, that the rate of levy of property tax for the fiscal year commencing July 1,
2015 and ending June 30, 2016 be fixed at 4.35 mills.
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 3m day of June,
2015.
C°
PAT PORTER, MAYOR
ATT. I ),J, L ,
Sant! o gh, Ci Clerk
Approved by Finance: 7 "
"Villaye with a Past, cl' y with a Future"
FINANCE DEPAFrrMENT
210 Fidalgo Avenue, Kenai, Alaska 99611 -7794
Telephone: 907 - 283 -75351 FAX: 907 - 283 -3014
To: Rick Koch, City Manager
7 /From: Terry Eubank, Finance Director
Date: May 26, 2015
Re: Establishing the FY2016 (Tax Year 2015) City of Kenai Mill Rate Levy.
Resolution 2015 -30 will establish the rate of levy of property tax for FY2016, tax year 2015.
The proposed rate of levy is 4.35 and will result in $435 in taxes being paid for each $100,000 of
assessed property value. The rate is unchanged from tax year 2014 and will generate the
necessary property taxes to support the adopted FYI budget.
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