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Home My WebLink AboutResolution 5068 Establishing and Affixing the Number of Mills to be Charged Against the Assessed Valuation for FY20 RESOLUTION NO. 5068 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN, MONTANA ESTABLISHING AND AFFIXING THE NUMBER OF MILLS TO BE CHARGED AGAINST THE ASSESSED VALUATION OF ALL TAXABLE PROPERTY SITUATED WITHIN THE CORPORATE JURISDICTIONAL BOUNDARIES OF THE CITY FOR FISCAL YEAR 2019-2020 (FY20). WHEREAS, in accordance with 15-10-203 MCA, after due and proper legal notice, at a regular session of the City Commission on September 9, 2019,the public hearing on the proposed change of ad-valorem tax revenue was held; and WHEREAS, the Montana Department of Revenue issued to the City a 2018 Certified Taxable Valuation received on August 5, 2019; and WHEREAS, in accordance with Montana Code Annotated, a resolution must be adopted by the City Commission in order to determine the amount of the City or Town taxes to be levied and assessed on the taxable property situated within the City for the current fiscal year; and WHEREAS,the City Clerk must certify to the County Clerk a copy of such resolution. NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City of Bozeman, Montana as follows: Section 1 That for the purpose of providing and maintaining basic City services the City Commission of the City of Bozeman, Montana does hereby affix 124.79 mills to be levied for the All Purpose Page 1 of 5 Resolution No. 5068,Establishing and Affixing the Number of Mills for F3 20 General Fund for all salaries, operations,and capital expenditures for general government purposes as provided by Sections 7-6-4451 and 15-10-420 MCA. Section 2 That the City Commission of the City of Bozeman, Montana does hereby affix a 5.00 mill levy from the City's maximum mill levy allowed under Sections 7-6-4451 and 15-10-420 MCA for the City's Community Housing Fund to be used for affordable/workforce housing purposes within the City. Section 3 That the City Commission of the City of Bozeman, Montana does hereby establish and affix a mill levy in the amount of 22.45 mills to provide for the total City payment of premiums for Health Medical Insurance for City employees in accordance with Title 2 Chapter 18 Part 7 MCA,Section 2 of Chapter 359 Laws 1975, Section 7-32-4117 MCA,and Section 7-3-4130 MCA. Section 4 That the City Commission of the City of Bozeman, Montana does hereby establish and affix a mill levy in the amount of 2.00 mills to provide funds for the City Planning Activity in accordance with Section 76-1-406 MCA. Section 5 That the City Commission of the City of Bozeman, Montana does hereby establish and affix a mill levy in the amount of 1.00 mills to provide funds for special transportation services for senior citizens and persons with disabilities in accordance with Section 7-14-1111 MCA. Section 6 That the City Commission of the City of Bozeman, Montana does hereby affix a 0.60 mill Page 2 of 5 Resolution No. 5068,Establishing and Affixing the Number of Afills for FY20 levy from the City's maximum mill levy allowed under Sections 7-6-4451 and 15-10-420 MCA for the general purpose of the stormwater system,to include the stolmwater improvement program for corrective measures at the Bozeman Story Mill Landfill,served by the stormwater system,with the funds appropriated,to pay a portion of the costs, in accordance with 7-7-4424 (b) MCA. Section 7 That the City Commission of the City of Bozeman, Montana does hereby establish and affix a mill levy in the amount of 2.18 mills to provide for principal and interest payments on outstanding Library General Obligation Bonds in accordance with Section 7-7-4265 MCA. Section 8 That the City Commission of the City of Bozeman, Montana does hereby establish and affix a mill levy in the amount of 8.59 mills to provide for principal and interest payments on outstanding Trails, Open Space and Parks (TOP) General Obligation Bonds in accordance with Section 7-7-4265 MCA. Section 9 That for the purpose of providing and maintaining basic City services the City Commission of the City of Bozeman,Montana does hereby affix 4.00 mills to be levied for the Fire Department Capital & Equipment Replacement for general government purposes as provided by Section 7-6- 4451 MCA. Section 10 That the City Commission of the City of Bozeman, Montana does hereby affix a 2.23 mill levy from the City's maximum mill levy allowed under Sections 7-6-4451 and 15-10-420 MCA for the costs of Landfill Post-closure activities at the Story Mill Landfill. Page 3 of 5 Resolution No. 5068,Establishing and Affixing the Number of lfills for FY20 Section 11 That the City Commission of the City of Bozeman, Montana does hereby establish and affix a mill levy in the amount of 14.86 mills to provide for principal and interest payments on outstanding Bozeman Public Safety Center(BPSC) General Obligation Bonds in accordance with Section 7-7-4265 MCA. PASSED, ADOPTED, AND APPROVED by the City Commission of the City of Bozeman, Montana at a regular session thereof held on the 9tgSe , 2019. Mayor ATTEST: OF B 0$ ' �R •"9• RbB'fN CROUGH City Clerk883y". �� l9 • . . . • a APPROV AS TO FORM: TIN CO ;1 G LIVAN City Attorney Page 4 of 5 Resolution No. 5068,Establishing and Affixing the Number of Afills for FY20 CITY OF BOZEMAN Mill Levy Fiscal Year 2019-2020 (FY20) Levy Purpose Number of Mills All Purpose Levy 124.79 Community/Workforce Housing 5.00 Permissive Medical Insurance 22.45 Planning 2.00 Senior Transportation 1.00 Fire Equipment 4.00 Stormwater Project—Landfill Loan 0.60 Monitoring—Landfill 2.23 Library GO Bonds 2.18 Park and Trail GO Bonds 8.59 BPSC Bonds 14.86 Grand Total Levied 187.70 Page 5 of 5 MULL LEVIES&MILL VALUES FISCAL YEAR FY15 FY16 FY17 FY18 FY19 FY20 MILL VALUE(net of TIFD's) $ 87,894 $ 86,564 $ 89,325 $ 101,195 $ 104,321 $ 125,423 PERCENTAGE CHANGE 2.6% -1.5% 3.2% 13.3% 3.1% 20.2% GENERAL FUND: All-Purpose 144.77 155.78 148.21 134.39 139.69 124.79 SPECIAL REVENUE: City Planning 2.00 2.00 2.00 2.00 2.00 2.00 Health/Med Insurance 23.18 27.11 26.40 24.48 25.44 22.45 Fire Capital&Equipment 4.00 4.00 4.00 4.00 4.00 4.00 Transfer to Stormwater-Landfill Project 1.57 1.62 1.56 1.38 0.71 0.60 Transfer to Landfill Closure-Monitring - - 4.00 3.67 2.38 2.23 Senior Transportation 1.00 1.00 1.00 1.00 1.00 1.00 Workforce Housing 1.00 3.00 3.00 3.00 3.00 5.00 TOTAL SPECIAL REVENUE 32.75 38.72 41.96 39.53 38.53 37.28 DEBT SERVICE: BPSC GO Bonds - - - - - 14.86 Park&Trail G.O.Bonds 8.13 12.49 12.06 10.68 10.38 8.59 Library G.O.Bonds 3.11 3.16 3.07 2.73 2.64 2.18 TOTAL DEBT SERVICE 11.24 15.65 15.13 13.41 13.02 25.63 Total Levied 188.76 210.16 205.30 187.33 191.24 187.70 Percentage Change in Mills 9.4% 12.4% -2.6% -8.6% 1.9% -1.9% Property Taxes Levied $ 16,590,871 $ 18,191,892 $ 18,338,501 $ 18,956,859 $ 19,950,675 $ 23,541,830 Percentage Change in Dollars 11.9% 9.7% 0.8% 3.4% 5.2% 18.0% *These funds are being combined into the All Purpose Levy. They are all subject to MCA 15-10-420. 18% Tax Authority Authorized but Not Levied General Fund Reduction $ 1,271,667 $ 363,096 $ 703,800 $ 907,719 $ 718,772 $ 94,015 911 Mills(Resolution No.3954) $ 770,733 $ 779,076 $ 803,925 $ 910,755 $ 938,889 $ 1,128,809 Total Authorized But Not Levied $ 2,042,400 $ 1,142,172 $ 1,507,725 $ 1,818,474 $ 1,657,661 $ 1,222,824 Number of Mills Not Levied 23.85 13.19 16.88 17.97 15.89 9.75 Maximum Levy Allowed 212.61 223.35 222.18 205.30 207.13 197.45 Bozeman Taxable Values History Tax Yr 2019 Tax Yr 2018 Tax Yr 2017 Tax Yr 2016 Tax Yr 2015 FY20 FY19 FY18 FY17 FY16 Total Market Value $ 8,596,253,775 $ 6,981,943,409 $ 6,745,351,312 $ 5,870,738,906 $ 5,698,588,679 Change in Total Market Value 23.1% 3.5% 14.9% 3.0% 58.4% City-Gross Dollars of Taxable Value 133,582,036 109,713,782 106,224,806 93,669,761 90,787,797 Less: Downtown TIF Taxable Value 5,987,410 4,159,996 3,769,917 3,068,902 2,898,551 Less: Northeast TIF Taxable Value 457,274 229,047 223,765 193,281 214,470 Less:Midtown TIF Taxable Value 1,714,155 982,574 948,716 1,003,546 1,055,385 Less: Mandeville Farm TIF Taxable Value - - 87,633 78,606 55,211 Less:North Park Urban TIF Taxable Value - 20,749 - - _ Less: South Bozeman Tech TIF Taxable Value - - - _ Less: Total ofTIF's Taxable Value 8,158,839 5,392,366 5,030,031 4,344,335 4,223,617 City-Net Dollars of Taxable Value $ 125,423,197 $ 104,321,416 $ 101,194,775 $ 89,325,426 $ 86,564,180 Tax Dollars Generated from 1 Mill: $ 125,423 $ 104,321 $ 101,195 $ 89,325 $ 86,564 Change in Taxable Value from Previous Year Tax Yr 2019 Tax Yr 2018 Tax Yr 2017 Tax Yr 2016 Tax Yr 2015 FY20 FY19 FY18 FY17 FY16 City-Gross% 21.8% 3.3% 13.4% 3.2% Downtown TIF 43.9% 10.3% 22.8% 5.9% 6.6% Northeast TIF 99.6% 2.4% 15.8% -9.9% 12.5% Midtown TIF 74.5% 3.6% -5.5% -4.9% -13.9% Mandeville Farm TIF 0.0% -100.0% 11.5% 42.4% 5.4% North Park Urban TIF 100.0% 100.0% South Bozeman Tech TIF - - City-Net% 20.2% 3.1% 13.3% 3.2% -1.5% Change $ 23,868,254 $ 3,488,976 $ 12,555,045 $ 2,881,964 $ (1,293,525) Change in TIFs 2,766,473 362,335 685,696 120,718 36,836 Change in Net $ 21,101,781 $ 3,126,641 $ 11,869,349 $ 2,761,246 $ (1,330,363) TIF's combined growth as a%of Total Growth 11.6% 10.4% 5.5% 4.2% -2.8% City Newly Taxable Property 4,685,485 3,7079744 3,393,650 3,279,600 4,563,975 %of prior year 126% 109% 103% 72% 173% %Newly Taxable increase from prior year 4.5% 3.7% 3.8% 3.8% 5.2%