HomeMy WebLinkAbout34192 / 86-399� December�4, 1986 # 399 RESOLUTION
(CARRIED LOST LAID OVER WITHDRAWN )
PURPOSE: ADOPT 1986 TAX RATES & LEVY
INTTIATED BY: CITY ADMINISTRATION
WHEREAS, the Com�on 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:
State Tax 221,232
County Tax and All County Specials 4,363,549
Oshkosh Area Schools 15,561,960
Vocational Area School District 1,728,825
City of Oshkosh:
Operation 1,190,057
Debt Service 6,499,670 7,689,727
TOTAL LEVY 29,565,2y3
State
County Tax
Area Schools
Area Vocational
City Tax
TOTAL TAX LEVY
& RATE COMPARISON
State Tax Credit
1986 COMBINED TAX RATE
1986 1985
ASSESSED ASSESSED INCREASE
LEVY RATE RATE (DECREASE)
221,232 .21 .20 .O1
4,363,549 4.15 4.07 .08
15,561,960
1,728,825
7,689,727
29,565,293
4,615,196
24,950,097
14.81
1.65
II[iyi
28.14
4.29
23.85
13.36
1.54
6.89
26.06
3.52
22.54
1.45
.11
.43
2.08
.77
1.31
BE IT FURTHER RESOLVED that because state law mandates a significant
change in the way revenues from state sources are counted in the municipal
budgets adopted in the fall of 1987, the tax levy for 1986 would have been
$18,300,976 and the municipal tax rate for 1986 would have been $17.41 per
- 17 -
.�
December 4, 1986 # 399 RESOLUTION (Continued)
$1,000 of assessed value if the new system had been in operation on this
date. This number should be used for comparison purposes for the budget
which will be adopted in the fall of 1987.
SUEIdITTFD BY
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