[Council Communication]  [Ordinance]

Council Communication

Title:	Second Reading of an ordinance levying taxes for the period of July 1, 2003 to and including June 30, 2004.
Dept:	Finance Department
Date:	June 17, 2003
Submitted By:	Lee Tuneberg, Finance Director
Approved By: ...........................	Gino Grimaldi, City Administrator

Synopsis:	The second reading of the Ordinance levying taxes for the period of July 1, 2003 to and including June 30, 2004 that was first read June 3, 2003. Such taxes in the sum of $8,008,000 upon all the real and personal property subject to assessment and levy within the corporate limits of the City of Ashland, Jackson County, Oregon. The levy consists of three parts: (1) a permanent rate supporting the General and Parks Funds of $3.56440, totaling $5,388,000 (2) a local option levy supporting Ashland Youth Activities Fund at a rate of $1.3800, totaling $2,022,000, and (3) four bonded debt levies totaling $598,000 with a combined rate of $0.39560.
Recommendation:	Staff recommends approval of the attached Ordinance by its second reading.
Fiscal Impact:	Enables the City to levy a property tax rate and receive revenue as authorized by the budget committee.
Background:	The estimated total tax rate is expected to decrease over last fiscal year due to a slight reduction in bonded debt levies. This Ordinance is consistent with the Budget Committee's recommendation.

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ORD_Taxes_2003_2004.pdf (50.6KB)

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