HomeMy WebLinkAboutResolution No. 2026-37j *V
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KENAI
CITY OF KENAI
RESOLUTION NO. 2026-37
Sponsored by: Administration
A RESOLUTION FIXING THE RATE OF LEVY OF PROPERTY TAX FOR THE FISCAL YEAR
COMMENCING JULY 1, 2026 AND ENDING JUNE 30, 2027.
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 2027 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, 2026 and ending
June 30, 2027 is fixed at 4.35 mills.
Section 2. That this Resolution takes effect immediately upon passage.
PASSED BY THE COUNCIL OF THE CITY OF KENA
ATTEST:
IV
Ife . Sa er, C, City Clerk
Approved by Finance: Y�
New Text Underlined; [DELETED TEXT BRACKETED]
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City of Kenai 1 210 Fidalgo Ave, Kenai, AK 99611-7794 1907.283.75351 www.kenai.city
MEMORANDUM
TO: Mayor Knackstedt and Council Members
THROUGH: Terry Eubank, City Manager
FROM: Dave Swarner, Finance Director
DATE: May 7, 2026
SUBJECT: Resolution 2026-37 - Fixing the Rate of Levy of Property Tax for the Fiscal
Year Commencing July 1, 2026 and Ending June 30, 2027.
This resolution will establish the rate of levy of property tax for FY2027, tax year 2026. 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 FY27 budget. The last mill rate change for the City was in FY2015.
Your support is respectfully requested.