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HomeMy WebLinkAbout11-530 NOVEMBER 22, 2011 11-530 RESOLUTION (CARRIED ___7-0___ LOST _______ LAID OVER _______ WITHDRAWN _______) PURPOSE: ADOPT 2011 TAX RATES INITIATED BY: CITY ADMINISTRATION WHEREAS, the Common Council of the City of Oshkosh has adopted the budget and set the tax levy for the operation of the City of Oshkosh. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Oshkosh, the attached levies and combined rates for the City of Oshkosh are hereby approved for property outside the Algoma Sanitary District No. 1 and the Winneconne School District: State Tax 640,825 County Tax and All County Specials 19,642,097 Oshkosh Area School 29,585,411 Vocational Area School District 6,208,876 City of Oshkosh Operations 13,360,100 Debt Service 16,758,200 30,118,300 86,195,509 2011 COMBINED TAX RATE 2011 2010 ASSESSED ASSESSED INCREASE LEVY RATE RATE (DECREASE) State 640,825 0.172 0.173 (.001) County Tax 19,642,097 5.736 5.804 (.068) Area Schools 29,585,411 8.640 8.792 (.152) Area Vocational 6,208,876 1.813 1.814 (.001) City Tax 30,118,300 8.796 8.608 .188 TOTAL TAX LEVY & RATE COMPARISON 86,195,509 25.157 25.191 (0.034) * State Credit 1.245 (0.000) 86,195,509 25.157 23.946 (0.034) NOVEMBER 22, 2011 11-530 RESOLUTION CONT'D BE IT FURTHER RESOLVED by the Common Council of the City of Oshkosh, the attached levies and combined rates for the City of Oshkosh are hereby approved for property inside the Algoma Sanitary District No. 1: State Tax 640,825 County Tax and All County Specials 19,642,097 Oshkosh Area School 29,585,411 Vocational Area School District 6,208,876 City of Oshkosh Operations 13,360,100 Debt Service 16,758,200 30,118,300 Algoma Sanitary District No. 1 TBD TBD 2011 COMBINED TAX RATE 2011 2010 ASSESSED ASSESSED INCREASE LEVY RATE RATE (DECREASE) State 640,825 0.172 0.173 (.001) County Tax 19,642,097 5.736 5.804 (.068) Area Schools 29,585,411 8.640 8.792 (.152) Area Vocational 6,208,876 1.813 1.814 (.001) City Tax 30,118,300 8.796 8.608 .188 Algoma Sanitary District TBD TBD 0.282 .000 TOTAL TAX LEVY & RATE COMPARISON TBD TBD 25.473 TBD State Credit 1.245 (0.000)* TBD TBD 24.228 TBD NOVEMBER 22, 2011 11-530 RESOLUTION CONT'D BE IT FURTHER RESOLVED by the Common Council of the City of Oshkosh, the attached levies and combined rates for the City of Oshkosh are hereby approved for property inside the Winneconne School District: State Tax 640,825 County Tax and All County Specials 19,642,097 Winneconne School District 19 Vocational Area School District 6,208,876 City of Oshkosh Operations 13,360,100 Debt Service 16,758,200 30,118,300 56,610,117 2011 COMBINED TAX RATE 2011 2010 ASSESSED ASSESSED INCREASE LEVY RATE RATE (DECREASE) State 640,825 0.172 0.173 (.001) County Tax 19,642,097 5.736 5.804 (.068) Area Schools 19 10.806 10.426 .380 Area Vocational 6,208,876 1.813 1.814 (.001) City Tax 30,118,300 8.796 8.608 .188 TOTAL TAX LEVY & RATE COMPARISON 56,610,117 27.323 26.825 0.498 State Credit 1.245 (0.000)* 56,610,117 27.323 25.580 0.498 *State credit has not yet been received from the Department of Revenue.