HomeMy WebLinkAbout08-27-07_Resolution No_ 4061, Setting Mill Levies for Fisca_8
Commission Memorandum
REPORT TO: Honorable Mayor and City Commission
FROM: Anna Rosenberry, Finance Director
Chris Kukulski, City Manager
SUBJECT: Commission Resolution No. 4061 – Setting Mill Levies for Fiscal Year
2007-2008
MEETING DATE: August 27, 2007
BACKGROUND: On August 17, 2007 the City received Certified Taxable Values from the
Montana Department of Revenue indicating that each City mill would generate $68,981 in tax
revenue, with $4,921 per mill related to new construction. Under state law, the City’s maximum
allowable mill levy for FY2007-2008 is calculated to be 128.62 mills.
In September 2006, the Commission resolved to lower the City’s levy by 9 mills if the county-
wide levy for 911 Dispatch services was approved by the voters. The county-wide levy was
approved, 911 Dispatch is no longer paid for out of the City’s General Fund, and the FY2007-
2008 City All Purpose levy has been lowered 9 mills beginning this year.
RECOMMENDATION: Adopt Commission Resolution No. 4061 – Setting Mill Levies for
Fiscal Year 2007-2008.
FISCAL EFFECTS: Adopting a mill levy of 154.18 mills will generate $10,635,491 in
property tax revenue for FY2007-2008. Individual property owners will see a decrease in the
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City tax levy of 9.23 mills (from last year’s 163.42 mills to this year’s 154.18), approximately
5.7% below last year’s levy.
ALTERNATIVES: As suggested by the City Commission.
Respectfully submitted,
Anna Rosenberry, Finance Director
Chris A. Kukulski, City Manager
Attachment: Commission Resolution No. 4061
UPDATED: FY08 Mill Levies and Mill Values
Report compiled on August 21, 2007
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COMMISSION RESOLUTION NO. 4061
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 2007-2008.
WHEREAS, in accordance with 15-10-203 MCA, after due and proper legal notice, at a
regular session of the City Commission on August 27, 2007, the public hearing on the proposed
increased amount of advalorem tax revenue was held, 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 101.26 mills to be levied for the
All Purpose General Fund for all salaries, operations, and capital expenditures for general
government purposes as provided by Section 7-6-4451 MCA.
Section 2
That the City Commission of the City of Bozeman hereby affixes a 2.81 mill levy for the
State mandated Firefighters Retirement System in order to maintain payments to the State
administered Firefighters Retirement System in accordance with Section 19-13-606 MCA.
Section 3
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That the City Commission of the City of Bozeman hereby affixes a 4.27 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 MCA.
Section 4
That the City Commission of the City of Bozeman Montana does hereby affix and
establish a mill levy in the amount of 4.61 mills to provide for City contribution to the State
retirement system for employees covered under the Public Employees Retirement System PERS
in accordance with Section 19-3-204 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 4.67 mills to provide funds for Comprehensive Insurance
protection and coverage for the City of Bozeman Montana in accordance with Section 2-9-212
MCA.
Section 6
That the City Commission of the City of Bozeman Montana does hereby establish and
affix a mill levy in the amount of 22.36 mills to provide for the total City payment of premiums
for Health Medical Insurance for City employees in accordance with Title 2 Chapter18 Part 7
MCA, Section 2 of Chapter 359 Laws 1975, Section 7-32-4117 MCA, and Section 7-3-4130
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 2.00 mills to provide funds for the of the City Planning
Activity in accordance with Section 76-1-406 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 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.
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Section 9
That the City Commission of the City of Bozeman Montana does hereby establish and
affix a mill levy in the amount of 6.67 mills to provide for principal and interest payments on
outstanding Transportation System General Obligation Bonds in accordance with Section 7-7-
4265 MCA.
Section 10
That the City Commission of the City of Bozeman Montana does hereby establish and
affix a mill levy in the amount of 4.53 mills to provide for principal and interest payments on
outstanding Library General Obligation Bonds in accordance with Section 7-7-4265 MCA.
PASSED AND ADOPTED by the City Commission of the City of Bozeman Montana at
a regular session thereof held on the 27th day of August, 2007.
___________________________________
JEFF KRAUSS
Mayor
ATTEST:
___________________________________
CYNTHIA JORDAN DELANEY
Acting City Clerk
APPROVED AS TO FORM:
___________________________________
PAUL J. LUWE
City Attorney
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CITY OF BOZEMAN
Mill Levy Fiscal Year 2007-2008
Levy Purpose Mill Amount
All-Purpose General Fund 101.26
City Planning 2.00
Police Retirement 4.27
Firefighters' Retirement 2.81
Public Employees' Retirement 4.61
Comprehensive Insurance 4.67
Health/Med Insurance 22.36
Senior Transportation 1.00
Library G.O. Bonds 4.53
Transportation G.O. Bonds 6.67
TOTAL ALL LEVIES 154.18
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