Title
Resolution to Correct the Property Tax Millage Rates for Fiscal Year 2014 and Reaffirm the Adopted Ann Arbor City Budget for Fiscal Year 2014 (7 Votes Required)
Memorandum
Section 8.19 of the Ann Arbor City Charter, amended by election on November 6, 2012, directs the City to annually levy a tax of 1.10 mills on all taxable real and personal property situated within the City for the purpose of financing park maintenance activities in various categories. Fiscal Year 2014 is the first year of the levy after its adoption in 2012. The Headlee rollback multiplier is not applicable to this millage in the first year of its levy.
On May 20, 2013 City Council adopted the Property Tax Millage Rates for Fiscal Year 2014 (Resolution R-13-154). The millage rate for FY 2014 for Parks Maintenance & Capital Improvements was incorrectly listed as 1.0969 when it should have been listed as 1.10, and the total millage rate adopted listed not as 16.4470 but as 16.4501.
This Resolution adopts the correct millage rate for the FY14 budget. The correction to the millage rate has no impact on the adopted FY14 budget. The difference in the rates will result in approximately $14,460 additional tax revenue to the City.
Staff
Sponsors: Council Members Taylor and Anglin
Body
Whereas, Section 8.19 of the Ann Arbor City Charter states that the City shall, in 2013 through 2018, annually levy a tax of 1.10 mills on all taxable real and personal property within the City for the purpose of financing park maintenance activities in specified categories;
Whereas, Section 8.19 of the Ann Arbor City Charter was amended by election November 6, 2012 and the maximum allowable levy for FY14 does not require the application of a Headlee rollback multiplier to the proposed millage;
Whereas, Resolution R-13-154 adopted the Ann Arbor City Budget and Related Property Tax Millages Rates for 2014, in which the proposed millage rate for the Parks Maintenance & Capital Improvements millage ...
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