HomeMy WebLinkAboutResolution 4634 Establishing the Number of Mills Charged Against Taxible Property Within the City for Fiscal year 2015-2016COMMISSION RESOLUTION NO. 4634
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 2015-2016 (FY16).
WHEREAS, in accordance with 15-10-203 MCA, after due and proper legal notice, at a
regular session of the City Commission on August 31, 2015, 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 2015 Certified
Taxable Valuation received on August 5, 2015; 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 ce1tify 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 155.78 mills to be levied for the
All Purpose 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.
Page 1 of 4
Resolution No. 4634, Establishing and Affixing the Number of Mills
Section 2
That the City Commission of the City of Bozeman, Montana does hereby affix a 3.00
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 27.11 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 of2.00 mills to provide funds for the City Planning Activity in
accordance with Section 76-1-406 MCA.
Section 5
That the City Commission ofthe 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 '1
That the City Commission of the City of Bozeman, Montana does hereby affix a 1.62
mill 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 stormwater improvement
program for corrective measures at the Bozeman Story Mill Landfill, served by the stormwater
system, with the funds appropriated, to pay a portion ofthe costs, in accordance with 7-7-4424
(b) MCA.
Section.7
That the City Commission ofthe City ofBozeman, Montana does hereby establish and
affix a mill levy in the amount of 3 .16 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 12.49 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 ofthe City ofBozeman, Montana does hereby affix 4.00 mills to be levied for the
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Resolution No. 4634, Establishing and Affixing the Number of Mills
Fire Department Capital & Equipment Replacement for general government purposes as
provided by Section 7-6-4451 MCA.
PASSED AND APPROVED by the City Commission of the City of Bozeman, Montana
at a regular session thereof held on the 31st day of August, 2015.
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ATTEST:
APPROVED AS TO FORM:
City Attorney
Page 3 of 4
Resolution No. 4634, Establishing and Affixing the Number of Mills
CITY OF BOZEMAN
Mill Levy Fiscal Year 2015-2016 (FY16)
Levy Purpose
All Purpose Levy
8Workforce/Community Housing
Permissive Medical Insurance
Planning
Senior Transportation
Trails, Open Space, & Parks GO Bonds
Library GO Bonds
Stormwater-Story Mill Landfill Project
Fire Capital & Equipment
TOTAL LEVY
Number of Mills
155.78
3.00
27.11
2.00
1.00
12.49
3.16
1.62
4.00
210.16 mills
Page 4 of 4
MILL LEVIES AND MILL VALUES
FINAL-AFTER CERTIFICATION
MILL LEVIES & MILL VALUES
FISCAL YEAR FY11 FY12 FY13 FY14 FY15 FY16
MILL VALUE (net of TIFD's) $ 80,399 $ 82,062 $ 83,226 $ 85,637 $ 87,894 $ 86,564
*Corrected 9/2011 Issued 9/2011
PERCENTAGE CHANGE I 2.7% 2.1% 1.4% 2.9% 2.6% -1.5%
GENERAL FUND:
jAil-Purpose 110.16 127.16 127.66 134.76 144.771 155.781
SPECIAL REVENUE:
City Planning 2.00 2.00 2.00 2.00 2.00 2.00
Local Government Study Commission 0.00 0.00
Police Retirement* 4.45 0.00 0.00 0.00 0.00 0.00
Firefighters' Retirement* 2.97 0.00 0.00 0.00 0.00 0.00
Public Employees' Retirement* 4.86 0.00 0.00 0.00 0.00 0.00
Comprehensive Insurance* 4.73 0.00 0.00 0.00 0.00 0.00
Health/Med Insurance 24.29 22.53 23.22 22.57 23.18 27.11
Fire Capital & Equipment 4.00 4.00 4.00 4.00 4.00 4.00
Transfer to Stormwater-Landfill Project 0.00 0.00 0.00 0.00 1.57 1.62
Senior Transportation 1.00 1.00 1.00 1.00 1.00 1.00
Workforce Housing 0.50 0.50 0.50 0.50 1.00 3.00
TOTAL SPECIAL REVENUE 48.80 30.03 30.72 30.07 32.75 38.72
DEBT SERVICE:
Park & Trail G.O.Bonds 0.00 8.13 12.49
Library G.O. Bonds 3.94 3.84 3.30 3.06 3.11 3.16
Transportation G.O. Bonds 5.85 5.72 5.07 5.19 0.00 0.00
TOTAL DEBT SERVICE 9.79 9.56 8.37 8.25 11.24 15.65
'TOTAL ALL LEVIES 168.76 166.75 166.75 173.08 188.761 210.161
Percentage Change in Mills -0.6% -1.2% 0.0% 3.8% 9.4% 12.4%
I Property Taxes Levied $13,567,611 $13,683,839 $13,878,293 $14,821,724 $16,590,871 1 $18,191,8921
Percentage Change in Dollars 4.9% 0.9% 1.4% 6.8% 11.9% 9.7%
*These funds are being combined into the All Purpose Levy. They are all subject to MCA 15-10-420.
Tax Authority Authorized but Not Levied
General Fund Reduction $ 462,720 $ 694,976 $ 1,263,330 $ 1,271,667 $ 363,096
Street & Tree Maintenance Offset $ 116,270 $ $ $ $
Police & Fire Reductions 583000 $ 849,000 $ 914,000 $ 578,525 $ $
SAFER Grant 303,570 $ 189,720 $ 113,985 $ $ $
911 Mills (Resolution No. 3954) 704,610 $ 723,303 $ 738,558 $ 749,034 $ 770,733 $ 779,076
FY11 Certification Error: 59,753
Total Authorized But Not Levied $ 1,591,180 $ 2,400,766 $ 2,461,995 $ 2,590,889 $ 2,042,400 $ 1,142,172
Number of Mills 13.72 20.32 29.58 31.13 23.85 13.19
City of Bozeman Taxable Values History Tax Yr 2015 Tax Yr 2014 Tax Yr2013 Tax Yr2012 FY16 FY15 FY14 FY13 City-Gross Dollars of Taxable Value 90,787,797 $ 92,081,322 $ 89,650,917 $ 86,934,533 Less: Downtown TlF Taxable Value 2,898,551 2,718,220 Less: Northeast TlF Taxable Value 214,470 190,579 Less: North 7th TlF Taxable Value 1,055,385 1,225,604 Less: Mandeville Farm TlF Taxable Value 55,211 52,376 Less: South Bozeman Tech TlF Taxable Value 2 Less: Total ofTJF's Taxable Value 4,223,617 4,186,781 City-Net Dollars of Taxable Value $ 86,564,180 $ 87,894,543 Tflx Dollars Generated from I Mill: s S6.564 s 87.895 Change in Taxable Value from Previous Year Tax Yr2015 Tax Yr2014 FY16 FY15 City -Gross % -1.4% 2.7% Downtown T1F 6.6% 5.1% Northeast T1F 12.5% 10.4% North 7th T1F -13.9% 2.7% Maude ville Farm TlF 5.4% -13.7% South Bozeman Tech TlF City-Net% -1.5% 2.6% TlF's combined growth as a% of Total Growth -2.8% 7.1% Taxes Generated from 1 Mill City-Wide FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 2,586,963 2,396,293 172,608 150,217 1,193,297 1,084,216 60,693 77,412 4,013,561 3,708,138 $ 85,637,356 $ 83,226,395 $ 85,637 $ 83,226 Tax Yr2013 Tax Yr2012 FY14 FY16 3.1% 8.0% 14.9% 10.1% -21.6% 2.9% 11.2% $90,000 $85,000 $80,000 $75,000 $70,000 $65,000 $60,000 $55,000 $50,000 FY13 1.9% 6.4% 12.8% 29.1% 33.1% 1.4% 26.8% Tax Yr2011 Tax Yr2010 Tax Yr2009 TaxYr2008 TaxYr2007 FY12 FYll FYlO FY09 FY08 $ 85,345,227 $ 83,309,165 $ 80,850,582 $ 75,458,468 $ 70,016,605 2,251,286 2,060,807 1,947,249 1,115,768 931,030 133,197 135,162 104,987 71,287 48,790 840,137 664J27 450,625 93,316 55,532 58,146 50,554 57,740 3,282,766 2,910,650 2,560,601 1,280,371 1,035,352 $ 82,062,461 $ 80,398,515 $ 78,289,981 $ 74,178,097 $ 68,981,253 s s·.2JJii2 $ 80,3')9 $ 78.200 ~ 7-1.178 $ ()8,981 Tax Yr2011 Tax Yr2010 Tax Yr2009 Tax Yr 2008 Tax Yr 2007 FY12 FYI! FYIO FY09 FY08 2.4% 3.0% 7.1% 7.8% 9.2% 5.8% 74.5% 19.8% -1.5% 28.7% 47.3% 46.1% 26.5% 47.4% 382.9% 68.0% 15.0% -12.4% 2.1% 2.7% 5.5% 7.5% 9.1% 18.3% 14.2% 23.7% 4.5%
2015 Certified Taxable Valuation Information
(15-10-202, MCA)
Gallatin County
CITY OF BOZEMAN
MONTANA
Form AB-72T
Rev. 3-12
1. 2015 Total Market Value* ...................................................................................................... $ 5,698,588,679 ~----~~~~~
2. 2015 Total Taxable Value ........................................................................................................ $ 90,787,797 ~------~~~~
3. 2015 Taxable Value of Newly Taxable Property.................................................................. $ 5,030,906 ~------~--~--
4. 2015 Taxable Value less lncr.emental Taxable Value** ...................................................... $ 86,564,180 ~------~~~--
5. 2015 Taxable Value of Net and Gross Proceeds***
(Class 1 and Class 2) ........................................................................................... $ ~--------------
6. TIF Districts
Tax Increment Current Taxable Base Taxable Incremental
District Name Value Value Value
BOZEMAN DOWNTOWN 4,227,246 1,328,695 2,898,551
NORTHEAST URBAN RENEW1 637,524 423,054 214,470
NORTH 7TH CORRIDOR 3,942,382 2,886,997 1,055,385
MANDEVILLE FARM INDUSTF 67,270 12,059 55,211
SOUTH BOZEMAN TECHNOU 283 417
Total Incremental Value $ 4,223,617 ~------~--~--
Pre parer Janice McGuire Date 8/3/2015
*Market value does not include class 1 and class 2 value
**This value is the taxing jurisdiction's taxable value less total Incremental value of all tax increment financing
districts.
***The taxable value of class 1 and class 2 is included in the taxable value totals.
For Information Purposes Only
2015 taxable value of centrally assessed property having a market value of $1 million or more, which has
transferred to a different ownership in compliance with 15-10-202(2), MCA.
I. Value Included in "newly taxable" property $
11. Total value exclusive of "newly taxable" property $