1989-43 Authorizing a One-Time (Single-Year) Reduction to Property Taxes.By: Mayor Selby
- Introduced: June 1, 1989
Adopted: June 1, 1989
KODIAK ISLAND BOROUGH
RESOLUTION NO. 89-43-R
A RESOLUTION OF THE KODIAK ISLAND BOROUGH ASSEMBLY
X[lTHORIZING A ONE-TIME (SINGLE -YEAR) REUK7ION 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 of
dollars 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
iKodiak 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 8.502 mills on the next tax bill.
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'i For example, a $100,000 property with a 13.002 mill levy:
13.002 mills X $100,000 $1,300.20
8.502 mills of State 6 Borough Credit = 850.20
4.50 mills Net Tax Millage S 450.00
PASSED APED APPROVED THIS 1st DAY OF JUNE, 1989.
KODIAK ISLAM BOROUGH
ATTEST:
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Ct:
Resolution No. 89-43-R
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