HomeMy WebLinkAboutResolution No. 2017-27CITY OF KENAI
RESOLUTION NO. 2017 -27
Sponsored by: Administration
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, 2017 AND
ENDING JUNE 30, 2018.
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 2018 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:
Section 1. That the rate of levy of property tax for the fiscal year commencing July 1, 2017
and ending June 30, 2018 be fixed at 4.35 mills.
Section 2. That this resolution takes effect immediately upon passage.
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 71 day of June, 2017.
BRIAN GABRIEL SR., MAYOR
ATTEST:
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210 Fidalgo Ave, Kenai, Alaska 99611 -7794
Telephone: (907) 283 -7535 1 Fax: (907) 283 -3014
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MEMORANDUM
TO: Mayor Brian Gabriel and Kenai City Council
THROUGH: Paul Ostrander, City Manager? 0-
FROM: Terry Eubank, Finance Director
DATE: May 31, 2017
SUBJECT: Resolution 2017 -27 Establishing the City of Kenai FY2018 Property Tax
Mill Rate
Resolution 2017 -27 will establish the rate of levy of property tax for FY2018, tax year 2017. 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 and will generate the necessary property taxes
to support the adopted FY18 budget. The last mill rate change for the City was in FY2015.
Your support is respectfully requested.