1986-39 Authorizing a One-Time (Single-Year) Reduction to Property Taxes.KODIAK ISLAND BOROUGH
RESOLUTION NO. 86-39-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 years 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, 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 "State Aid Tax
Credit" for an amount of 8.267 mills on the next tax bill.
For example, a $100,000 property with a 12.017 mill levy:
12.017 mills X $100,000 $ 1,201.70
8.267 mills of State Aid Tax Credit (826.70)
Total Taxes Due $ 375.00
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rescinded.
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PASSED AND APPROVED this 5 day of .lune , 1986.
KODIAK ISLAND BOROUGH
By
dough Mayor
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By �Inw�l!/
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asiding Officer
ATTF�T:
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Bo � clerk