HomeMy WebLinkAboutResolution No. 2023-38Sponsored by: Administration
CITY OF KENAI
RESOLUTION NO. 2023-38
A RESOLUTION FIXING THE RATE OF LEVY OF PROPERTY TAX FOR THE FISCAL YEAR
COMMENCING JULY 1, 2023 AND ENDING JUNE 30, 2024.
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 2024 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, 2023 and ending
June 30, 2024 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 7T" DAY OF JUNE, 2023.
h
Brian Gabriel Sr., Mayor
ATTEST:
CAA L
Miche a ner, M , City Clerk
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K F N A
City of Kenai 1 210 Fidalgo Ave, Kenai, AK 99611-7794 1907.283.7535 1 www 6nai.city
MEMORANDUM
TO:
Mayor Brian Gabriel and Kenai City Council
THROUGH:
Terry Eubank, City Manager
FROM:
Larry Semmens, Interim Finance Director
DATE:
May 9, 2023
SUBJECT:
Resolution 2023-38 — Establishing the City of Kenai FY2024 Property
Tax Mill Rate
Resolution 2023-38 will establish the rate of levy of property tax for FY2024, tax year
2023. The proposed rate of levy is 4.35 and will result in $435 in taxes being paid for each
$100,000 of taxable assessed property value. The rate is unchanged and will generate the
necessary property taxes to support the adopted FY24 budget. The last mill rate change for
the City was in FY2015.
Your support is respectfully requested.