Item Coversheet

ASSEMBLY AGENDA/MANAGER'S REPORT
THE CITY AND BOROUGH OF JUNEAU, ALASKA

Ordinance 2017-05(b) An Ordinance Establishing the Rate of Levy for Property Taxes for Calendar Year 2017 Based Upon the Proposed Budget for Fiscal Year 2018.

MANAGER'S REPORT:

This ordinance establishes the mill rates for property taxes for 2017, which fund a significant portion of the City and Borough of Juneau’s FY18 operating budget. The Charter requires the Assembly to adopt, by ordinance, the tax levies necessary to fund the budget before June 15.

 

The mill levies presented in this ordinance support the City and Borough’s FY18 Revised Budget as amended by the Assembly Finance Committee. 

 

An opportunity for public comment was provided at a Special Assembly meeting on April 26, 2017.  The Assembly Finance Committee reviewed the mill rate ordinance at its meetings on April 26 and May 10, 2017, approving a motion to amend the proposed mill rates and refer the amended ordinance to the full Assembly for adoption.

 

For FY18 the total mill levy recommended by the Finance Committee of 10.66 remains unchanged from FY17.  The debt service mill rate is being reduced by .10 mills to 1.30 mills.  The operating mill rate is recommended to be 9.36 mills (increase of .10 mills from FY17). The .10 mill increase is in the Areawide component of the operating mill rate. The .10 mill change between debt service and areawide operating rate results in no change to the overall property tax paid by any property owner. The other two components (Roaded Service & Fire Service) remain unchanged.   

 

This ordinance proposes a total mill levy of 10.66; the components of which are:

 

Operation Mill Rate by Service Area

 

Millage

Roaded Service Area

 

 

 

2.30

Fire Service Area

 

 

 

0.36

Areawide

 

 

 

6.70

Operating Total

 

 

 

9.36

 

 

 

 

 

Debt Service

 

 

 

1.30

Total

 

 

 

 

10.66

RECOMMENDATION:

The City Manager recommends this ordinance, as amended by the Assembly Finance Committee, be adopted. 

ATTACHMENTS:
DescriptionUpload DateType
2017-05b5/31/2017Ordinance