1987-34 Authorizing a One-Time (Single-Year) Reduction to Property Taxes.KODIAK ISLAND BOROUGH
RESOLUTION NO. 87 -34 -R
A RESOLUTION OF THE KODIAK ISLAND BOROUGH ASSEMBLY AUTHORIZING A
ONE -TIME (SINGLE -YEAR) REDUCTION TO PROPERTY TAXES.
WHEREAS, the Kodiak Island Borough has received state shared monies
during the previous fiscal year in excess to that which was budgeted; and
WHEREAS, it was the intent of the state legislative body that the
recipient municipal governments would pass on tax relief for its citizenry;
and
WHEREAS, the Kodiak Island Borough earns hundreds of thousands from
investment earnings; and
WHEREAS, such future state distributions of excess funds with a
minimum of direction as to their specific use depends upon this action by the
various state municipal entities.
NOW, THEREFORE, BE IT RESOLVED that the Borough Assembly of the
Kodiak Island Borough does hereby resolve that the current year tax bills will
indicate the millage as passed and will reflect a line entitled "Borough
Credit" for an amount of 7.507 mills on the next tax bill.
For example, a $100,000 property with a 12.017 mill levy:
12.017 mills X $100,000
7.507 mills of State s Borough Credit
4.51 mills Net Tax Millage
KODIAK ISLAND BOROUGH
$1,201.70
iding Officer
750.70
$ 451.00
BE IT FURTHER RESOLVED that all resolutions, or parts thereof, that may
be found to be in conflict with this resolution are hereby expressly
rescinded.
PASSED AND APPROVED this 4 day of June , 1987 by the
Kodiak Island Borough Assembly.
g h,Mayor