HomeMy WebLinkAboutResolution No. 2021-30KENAI
CITY OF KENAI
RESOLUTION NO. 2021-30
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, 2021 AND
ENDING JUNE 30, 2022.
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 2022 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, 2021
and ending June 30, 2022 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 19"' day of May, 2021.
ATTEST:
Heinz, MMC, City Clerk
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City of Kenai 1 210 Fidalgo Ave, Kenai, AK 99611-7794 1907.283,7535 1 www.kenai.city
MEMORANDUM
TO:
Mayor Gabriel and Council Members
THROUGH:
Paul Ostrander, City Manager
FROM:
Terry Eubank, Finance Director
DATE:
May 11, 2021
SUBJECT:
Resolution 2021-30 Establishing the City of Kenai FY2022 Property
Tax Mill Rate
Resolution 2021-30 will establish the rate of levy of property tax for FY2022, tax year 2021. 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 FY22 budget. The last mill rate change for the City was in FY2015.
Your support is respectfully requested.