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HomeMy WebLinkAbout25. 12-586 NOVEMBER 27, 2012 12-586 RESOLUTION (CARRIED ___7-0____ LOST _______ LAID OVER _______ WITHDRAWN _______) PURPOSE: ADOPT 2012 TAX RATES INITIATED BY: CITY ADMINISTRATION WHEREAS, the Common Council of the City of Oshkosh has adopted the budget and set the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 638,536 County Tax and All County Specials 20,169,459 Oshkosh Area School 30,451,103 Vocational Area School District 6,786,290 City of Oshkosh Operations 13,629,708 13,080,070 Debt Service 16,975,200 30,604,908 30,055,270 Total 88,650,296 88,100,658 2012 COMBINED TAX RATE 2012 2011 ASSESSED ASSESSED INCREASE LEVY RATE RATE (DECREASE) State 638,536 0.171 0.172 (0.001) County Tax 20,169,459 5.890 5.736 0.154 Area Schools 30,451,103 8.892 8.640 0.252 Area Vocational 6,786,290 1.982 1.813 0.169 City Tax 30,604,908 8.937 8.796 0.141 30,055,270 8.776 (0.020) TOTAL TAX LEVY & RATE COMPARISON 88,650,296 25,872 25.157 0.554 88,100,658 25.711 State Credit TBD 1.246 TBD 88,650,296 25.872 23.911 TBD 88,100,658 25.711 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 638,536 County Tax and All County Specials 20,169,459 Oshkosh Area School 30,451,103 Vocational Area School District 6,786,290 City of Oshkosh Operations 13,629,708 13,080,070 Debt Service 16,975,200 30,604,908 30,055,270 Algoma Sanitary District No. 1 40,065 Total 88,690,361 88,140,723 2012 COMBINED TAX RATE 2012 2011 ASSESSED ASSESSED INCREASE LEVY RATE RATE (DECREASE) State 638,536 0.171 0.172 (0.001) County Tax 20,169,459 5.890 5.736 0.154 Area Schools 30,451,103 8.892 8.640 0.252 Area Vocational 6,786,290 1.982 1.813 0.169 City Tax 30,604,908 8.937 8.796 0.141 30,055,270 8.776 (0.020) Algoma Sanitary District 40,065 .271 .277 (0.006) TOTAL TAX LEVY & RATE COMPARISON 88,690,361 26.143 25.434 0.709 88,140,723 25.982 0.548 State Credit TBD 1.246 TBD 88,690,361 26.143 24.188 TBD 88,140,723 25.982 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 638,536 County Tax and All County Specials 20,169,459 Winneconne School District 17 Vocational Area School District 6,786,290 City of Oshkosh Operations 13,629,708 13,080,070 Debt Service 16,975,200 30,604,908 30,055,270 Total 58,199,210 57,649,572 2012 COMBINED TAX RATE 2012 2011 ASSESSED ASSESSED INCREASE LEVY RATE RATE (DECREASE) State 638,536 0.171 0.172 (0.001) County Tax 20,169,459 5.890 5.736 0.154 Area Schools 17 9.562 10.806 (1.244) Area Vocational 6,786,290 1.982 1.813 0.169 City Tax 30,604,908 8.937 8.796 0.141 30,055,270 8.776 (0.020) TOTAL TAX LEVY & RATE COMPARISON 58,199.210 26.542 27.323 (0.781) 57,649,572 26.381 (0.942) State Credit TBD 1.246 TBD 58,199,210 26.542 26.077 TBD 57,649,572 26.381 * State credit has not yet been received from the Department of Revenue. Bold & Italics indicates amendments