HomeMy WebLinkAboutResolution No. 2019-29Sponsored by: Adm inistration
CITY OF KENAI
RESOLUTION NO. 2019-29
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, 2019 AND
ENDING JUNE 30, 2020.
WHEREAS, Kenai Municipal Code 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 2020 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, 2019
and ending June 30, 2020 be fixed at 4 .35 mi ll s.
Section 2. That this resolution takes effect immediately upon passage .
PASSED BY THE COUNC IL OF THE CITY OF KENAI , ALASKA, this 15th day of May, 2019.
BRIAN GABRIEL SR., MAYOR
ATIEST:
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210 Fidalgo Ave , Kenai , Alaska 99611 -7794
Telephone: (907) 283-7535 I Fax: (907) 283-3014
www.kenai.city
MEMORANDUM
TO:
THROUGH:
FROM:
DATE:
SUBJECT:
Mayor Brian Gabriel and Kenai City Council
Paul Ostrander, City Manager
Terry Eubank, Finance Director
May 9, 2019
Resolution 2019-29 Establishing the City of Kenai FY2020 Property
Tax Mill Rate
Resolution 2019-29 will establish the rate of levy of property tax for FY2020, tax year 2019. 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 FY20 budget. The last mill rate change for the City was in FY2015.
Your support is respectfully requested .