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Home My WebLink AboutResolution 2842 Establishing mill levy FY92 . . . COMMISSION RESOLUTION NO. 2842 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 1991-1992. WHEREAS, in accordance with Section 7-6-4407, M.C.A. , 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 sit- uated with the City for the current fiscal year; and WHEREAS, the Clerk of the City Commission 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 89.51 mills to be levied for the All-Purpose General Fund for all salaries, operations and capital expenditures for general government purposes as provided by Sec- tion 7-6-4451, M.C.A. SECTION 2 That the City Commission of the City of Bozeman hereby affixes a 2.60 mill levy for the State-mandated Fi refighters' Retirement System in order to maintain payments to the State-administered Firefighters' Retirement System, in accordance with Section 19-13-606, M.C.A. SECTION 3 That the City Commission of the City of Bozeman hereby affixes a 2.57 mill levy for the State-mandated Police Retirement System in order to maintain payments to the State-administered Police Retirement System, in accordance with Section 19~9-704, M.C.A. SECTION 4 That the City Commission of the City of Bozeman, Montana, does hereby affix and establish a mill levy in the amount of 3.33 mills to provide for City contribution to the State reti rement system for employees covered under the Public Employees' Retirement System (P.E.R.S.L in accordance with Section 19~3-204, M.C.A. . .._....n_u____ ..-- - ---_._~.- .- . . SECTION 5 The City Commission of the City of Bozeman, Montana, does hereby es- tablish and affix a mill levy in the amount of 2.16 mills to provide funds for Comprehensive Insurance protection and coverage for the City of Bozeman, Montana, in accordance with Section 2-9-212, M.C.A. SECTION 6 That the City Commission of the City of Bozeman, Montana, does hereby establish a mill levy in the amount of 13.41 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, M.C.A.; Section 2 of Chapter 359, Laws, 1975; Section 7-32-4117, M.C.A.; and Section 7-33-4130, M.C.A. SECTION 7 That the City Commission of the City of Bozeman, Montana, does herein establ ish and affix a mi II levy amounting to 2.00 mi lis to provide funds for the operation of the City-County Planning activity, in accordance with Section 76-1-406, M.C.A. SECTION 8 That the City Commission of the City of Bozeman, Montana, does hereby establish a mill levy in the amount of 2.60 mills to provide funding for the Special Improvement District Revolving Fund, in accordance with Sections 7-12-4221 and 7-12-4222, M.C.A. SECTION 9 That the City Commission of the City of Bozeman, Montana, does hereby establish and affix 1.56 mills to provide for the existing principal and interest payments on outstanding Recreational Facilities Genera I Obi igation Bonds, in accordance with Section 7-7-4265, M.C.A. SECTION 10 That the City Commission of the City of Bozeman, Montana, does hereby establish a 3.80 mill levy to provide for principal and interest payments on outstanding Library General Obligation Bonds, in accordance with Section 7-7-4265, M.C.A. PASSED AND ADOPTED by the City Commission of the City of Bozeman, - 2 - ---------- --. .--- . Montana, this 23rd day of September 1991. ((~ ~R L. H.A: KS, Mayor ATTEST: ((~.i~ Clerk of the City Commission City . , ! 0 - 3 - ------------- -.--.----- . . . CITY OF BOZEMAN Mill Levy - Fiscal Year 1991-92 Levy Title/ Purpose Levy FY 1991-92 All-Purpose Levy 89.51 City-County Planning 2.00 Police Retirement 2.57 Firefighter's Retirement 2.60 Public Employees Retirement System 3.33 Comprehensive Insurance 2.16 Health/Medical Insurance for Employees 13.41 SID Revolving Fund 2.60 Recreation Facilities G.O. Bonds 1.56 Library G.O. Bonds 3.80 TOTAL ALL LEVIES 123.54 Mill Value == $26,280. - 4 - -...- ---.- .----.- . J'Ul ... 8 19Q1 . . Office of COUNTY ASSESSOR ARLETTA C. DERLETH Gallatin County 311 W. Main Room 200 Bozeman, Mt 59715 (406)585-1300 July 8, 1991 Robin Sullivan City Clerk Box 640 Bozeman, Mt 59715 Dear Robin: The market and taxable values for Bozeman for 1991, are listed below: Market Taxable 591,703,271 '26,280,421 Sinoerely, aL-LLLZ~ Arletta C. Derleth Ga~lat;nCountyAssessor .' ..--- ....- -- .__.~. '-'-'_.~''''- .,. --~ ..._".'.._"-~- '.,--' ,.-- . -~ .. ~'_. .".~~~.;:s-'.1,', ____, , ",.~' .~'-.. ~ " . - , State of Montana Stan Stephens, Governol' Department of Revenue Property Assessment Division Denis Adams, Directol' 1991 CERTIFIED MILL LEVY IN COMPLIANCE WITH 15-10-201 THROUGH 15-10-208, MCA Gallatin COUNTY City of Bozeman TAXING JURISDICTION (all purpose) 1. Total Taxable Value (previous year) . . . . . $ 24,963,195 2. Mill Levy (previous year) . . . . . . . . . . 85.91 3. Tax Revenue (1 x 2) (previous year) . . . . . $l , 14~ , 588 4. Total Taxable Value (current year) . . . . . $ 26,280,421 5. Total Taxable Value Of New Construction, Improvements And Deletions To Real Property (per 15-10-202, MCA). . . . . . . . . . . . . $ 333,416 6. Net Taxable Value (4 - 5) Times 95% . . . . . $ 24,649,655 7. Certified Mill Levy (3 + 6) t~x~e~d~ 7:6:4~52.M:C.A.) 8~.00 8. Tax Revenue (4 x 7) . . . . . . . . . . . . . $ 2,286,396 (65 Mill Max) Q..IL-..J.._'--:C~ ~-~~ 8/9/91 Signature of County Assessor Date Distribution: Original - Taxing Jurisdiction Copy: Canary- Assessor's Copy PPB-27 - Revised 1990 mn20f Sam W. Mitchell Buildin!?: (406) 443-0811 Helena, Montana 5H620 "An Equal Opportunity Employer" . " '''''''~'."~'~~'.'''''''.'''II:': . - - . . State of Montana Stan Stephens, Governor Department of Revenue Property Assessment Division Denis Adams, Director FOR INFORMATIONAL PURPOSES ONLY 19 91 CHANGE IN TAXABLE VALUE COUNTY Ga 11 at i n - TAXING JURISDICTION Cit, of Bozeman (al purpose) 1. 1986 Taxable Value $ 23,562,358 2. Current Year Taxable Value $ 26,280,421 3. % of Change +11.54% (Please indicate + or , e.g., -8% or +2%) Note: If Item 2 is greater than Item 1, the taxing jurisdiction's taxable value has increased. To calculate the increase, subtract Item 1 from Item 2, divide the result by Item 1 and multiply by 100%. That product will be the percent increase in taxable value. If Item 2 is less than Item 1, the taxable value has decreased. To calculate the decrease, subtract Item 2 from Item 1, divide the result by Item 1 and multiply by 100%. The resulting product will be the percent decrease in taxable value. In accordance with 15-10-412(7)(a), MCA, if a tax unit's taxable value decreased by 5% or mar'e from the 1986 base year, the taxing unit may increase the levy but only to such a point that the revenue generated is no more than the revenue from property taxes for the 1986 tax year. Thus, if the % of change in Item 3 is -5% or greater, the taxing jurisdiction could incr'ease the mill levy. Indicated mill levy pursuant to 15-10-401 through 15-10-412, MCA if percentage decrease is 5% or more. Do calculations only if item 3 is a decrease of 5% or more. 4. 1986 Taxable Value $ 5. 1986 Mill Levy $ 6. 1986 Tax Revenue (4x5) $ 7. Estimated Replacement Revenue as a Result of Personal Property % Reduction $ 8. Estimated Revenue From Oil and Gas Severance $ 9. Estimated Revenue From Coal Severance $ 10. 1986 Revenue Without Items 7, 8 and 9 (6-7-8-9) $ 1l. Current Year Taxable Value $ 12. Current Year Indicated Mill Levy (10 + 11) (See 15-10-401 - 15-10-412, MCA) $ 13. Indicated Current Year Revenue (11 x 12 + 7 + 8 + 9) $ 8/9/91 , 19 (Signature of County Assessor) (Date) - PPB-27A - Revised 1990 5g33.1 Sam W. Mitchell Building (406) 443-0811 Helena, Montana 59620 "An Equal Opportunity Employer" ._~_._...._.- - - ~ -'-'..-''''.'- . , . - , .. . . State of Montana Stan Stephens, Governor Department of Revenue Property Assessment Division DenIs Adams, Dilector FOR INFORMATIONAL PURPOSES ONLY 19 91 CERTIFIED MILL LEVY - IN COMPLIANCE WITH 15-10-201 THROUGH 15-10-208, MCA Gall atin COUNTY City of Bozeman TAXING JURISDICTION (All purpose) The Legislature made significant changes in the taxation of oil and gas, coal and personal property. This form acknowledg es those changes in determining a mill levy. I. Total Taxable Value (previous year). . . . . . $ ?4,gn3.1q~ 2. Mill Levy (previous year). . . . . . . . . . . R~.ql 3. Tax Revenue (1 x 2) (previous year). . . . . . $ 2.144.588 4. Estimated Personal Property Reimbursement. $ 55,1 51 . . 5. Estimated Oil and Gas Severance Tax. . . . . . $ --- , 6. Estimated Coal Severance Tax $ --- . . . . . . . . . 7. Estimated Tax Revenue (previous year) Without Items 4, 5 and 6 (3 - 4 - 5 - 6) . . . $ 2.089.437 8. Total Taxable Value (current year) . . . . . . $ 26.280.421 9. Total Taxable Value Of New Construction, Improvements And Deletions To Real Property (per 15-10-202, MCA) . . . . . . . . . . . . . $ 333,416 10. Net Taxable Value (8 - 9) Times 95%. . . . . . $ 24,649,655 1I. Current Year Indicated Mill Levy (7 10). . . 84.76 (exceeds 7-6-4452 M.C.A.) 12. Indicated Current Year Tax Revenue (8 x 11 + 4 + 5 + 6) . . . . . . . . . . . . . $ 2,282,679 ~65 mill max) Assessor Signature: Date: 8/9/91 Distribution: Original - Taxing Jurisdiction Copy; Canary - Assessor's Copy PPB-27B - Revised 1990 mn20f.l ~nm...,W. Mitchell Building (4()(i\ 4 4 :~.08 11 . . t!pl"I\~~! Montana 2Q620 "An Equal Uppo;tullity-EIII~)'<7 --- .__..._._._..._..._n.._._ . .--.----.... ---.-.--