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Home My WebLink AboutOrdinance 5802oY FAY £llfL i C b 6 6- Jui 1+' I V pKAl15 Fh 113 West Mountain Street Fayetteville, AR 72701 (479) 575-8323 Ordinance: 5802 File Number: 2015-0405 2015 MILLAGE LEVY: AN ORDINANCE LEVYING A TAX ON THE REAL AND PERSONAL PROPERTY WITHIN THE CITY OF FAYETTEVILLE, ARKANSAS, FOR THE YEAR 2015 FIXING THE RATE THEREOF AT 2.3 MILLS FOR GENERAL FUND OPERATIONS, 0.4 MILLS FOR THE FIREMEN'S PENSION AND RELIEF FUND, 0.4 MILLS FOR THE POLICEMEN'S PENSION AND RELIEF FUND AND 1.0 MILL FOR THE FAYETTEVILLE PUBLIC LIBRARY; AND CERTIFYING THE SAME TO THE COUNTY CLERK OF WASHINGTON COUNTY, ARKANSAS BE 1T ORDAINED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1. That a tax is hereby levied on the real and personal property within the City of Fayetteville, Arkansas, for the year 2015 to be collected in 2016 for the following purposes at the following rates: REAL AND PERSONAL PROPERTY Purpose Levy ,,General Fund -Operations 2.3 mills Fayetteville Public Library 1.0 mills Policemen's Pension and Relief Fund 0.4 mills Firemen's Pension and Relief Fund 0.4 mills TOTAL 4.1 mills Section 2. That the real and personal property tax so levied and the rates provided therefor are hereby certified to the County Clerk of Washington County, Arkansas, to be placed in the tax book and collected in the same manner that the county and school district taxes are collected. Page 1 Printed on 10!//15 0 Ordinance 5802 Section 3. The City Clerk is hereby authorized and directed to file certified copies of this Ordinance in the Office of the County Recorder, County Clerk, County Assessor, and the County Tax Collector for Washington County, Arkansas PASSED and APPROVED on 10/6/2015 Attest: Sondra E. Smith, City Clerk Treasurer Page 2 Printed on 10/7/15 City of Fayetteville, Arkansas 113 West Mountain Street Fayetteville, AR 72701 a (479)575-6323 Text File File Number: 2015-0405 Agenda Date: 10/6/2015 Version: 1 Status: Passed In Control: City Council Meeting File Type: Ordinance Agenda Number: B. 3 2015 MILLAGE LEVY: AN ORDINANCE LEVYING A TAX ON THE REAL AND PERSONAL PROPERTY WITHIN THE CITY OF FAYETTEVILLE, ARKANSAS, FOR THE YEAR 2015 FIXING THE RATE THEREOF AT 2.3 MILLS FOR GENERAL FUND OPERATIONS, 0.4 MILLS FOR THE FIREMEN'S PENSION AND RELIEF FUND, 0.4 MILLS FOR THE POLICEMEN'S PENSION AND RELIEF FUND AND 1.0 MILL FOR THE FAYETTEVILLE PUBLIC LIBRARY; AND CERTIFYING THE SAME TO THE COUNTY CLERK OF WASHINGTON COUNTY, ARKANSAS BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1. That a tax is hereby levied on the real and personal property within the City of Fayetteville, Arkansas, for the year 2015 to be collected in 2016 for the following purposes at the following rates: REAL AND PERSONAL PROPERTY Purpose Levy General Fund -Operations 2.3 mills Fayetteville Public Library 1.0 mills Policemen's Pension and Relief Fund 0.4 mills Firemen's Pension and Relief Fund 0.4 mills TOTAL 4.1 mills Section 2. That the real and personal property tax so levied and the rates provided therefor are hereby certified to the County Clerk of Washington County, Arkansas, to be placed in the tax book and collected in the same manner that the county and school district taxes are collected. Section 3. The City Clerk is hereby authorized and directed to file certified copies of this Ordinance in the Office of the County Recorder, County Clerk, County Assessor, and the County Tax Collector for Washington County, Arkansas City of Fayetteville, Arkansas Page 1 Printed on 10/72015 City of Fayetteville Staff Review Form 2015-0A05 Legistar File ID 9/15/2015 City Council Meeting Date - Agenda Item Only N/A for Non -Agenda Item Paul A. Becker 8/5/2015 Chief Financial Officer/ Finance &Internal Services Department Submitted By Submitted Date Division / Department Action Recommendation: City Council is requested to adopt real and personal property tax rates for 2015 for the Policemen's Pension & Relief, the Firemen's Pension & Relief Funds, the Fayetteville Public Library and the City's General Fund. The rate to be adopted for the Policemen's Pension & Relief Fund and the Firemen's Pension & Relief Fund is 0.4 mils for real property and 0.4 mils for personal property. The rate for the Fayetteville Public Library is 1.0 mil for real property and 1.0 mil for personal property. The rate requested for the City's General Fund is 2.3 mils for real property and 2.3 mils for personal property. Account Number Project Number Budgeted Item? NA Does item have a cost? NA Budget Adjustment Attached? NA Previous Ordinance or Resolution q 5712 Original Contract Number: Comments: Budget Impact: Current Budget Funds Obligated Current Balance Item Cost Budget Adjustment Remaining Budget Fund Project Title D V20140710 r / �iL� &. eA�V 13,RDO Ca=w' ' (Wig Lydi ro-OCL, .dl ttt 4rrs� (l o,d q CITY OF ay evi le ARKANSAS MEETING OF SEPTEMBER 15, 2015 TO: Mayor and City Council THRU: Don Marr. Chief of Staff CITY COUNCIL AGENDA MEMO FROM: Paul A. Becker, Chief Financial Officer DATE: September 2, 2015 SUBJECT: 2015 Millage Levy RECOMMENDATION: City staff recommends that City Council approve the millage levy ordinance approving the 0.4 mils for the Policemen's Pension and Relief Fund, 0.4 mils for the Firemen's Pension and Relief Fund, 1.0 mils for the Fayetteville Public Library, and 2.3 mils for 2016 General Fund operations. This is a 1.0 mil increase from last year. BACKGROUND: Each year the City must approve an ordinance to renew the levy of ad valorem taxes on real and personal property within the City. This request will provide for such levy on property assessed during 2015. As of August 3, 2015 the total assessed value of real and personal property located within the city limits of Fayetteville is approximately $1.392 billion. The assessed valuation is before the Washington County Board of Equalization has made all the changes to the County Assessors Abstract. Based on the preliminary assessments, the growth in real property assessments is approximately 5.0%. DISCUSSION: This administration is requesting a 1.0 mil increase in discretionary millage to fund 16 new positions and restore three previously frozen public safety positions for a total increase of 19 in public safety, restore three positions previously frozen in other divisions and add one new position in the City Prosecutor's Division which are needed to accommodate ever increasing workloads. In addition, 0.75 new FTEs are being added, the cost of which will be fully reimbursed. A millage levy ordinance must be approved by City Council in order for the City to continue to collect property taxes for the Policemen's Pension and Relief Fund and the Firemen's Pension and Relief Fund. The millage levy for the Policemen's Pension and Relief Fund is 0.4 mils for real property and 0.4 mils on personal property. The milloge levy for the Firemen's Pension and Relief Fund is 0.4 mils for real property and 0.4 mils on personal property as was approved by referendum. Mailing Address: 113 W. Mountain Street www.fayetteville-ar.gov Fayetteville, AR 72701 A millage levy ordinance must be approved for the operation of the Fayetteville Public Library and that was approved by the voters on October 1, 2002. The millage levy for the Fayetteville Public Library is 1.0 mils for real property and 1.0 mils on personal property. Finally, City staff is requesting that City Council approve a millage levy ordinance for General Fund operations in the amount of 2.3 mils for both real and personal property. The 2015 proposed property tax revenue amount based on the 2.3 mil levy is estimated to bring in $3,155,000 in General Fund revenue. Below is a proposed calendar of meetings during the months of September and October to discuss the millage levy. Tuesday, September 8 Agenda Session Tuesday, September 15 City Council Meeting Tuesday, September 29 Agenda Session Tuesday, October 6 City Council Meeting Tuesday, October 13 Agenda Session Tuesday, October 20 City Council Meeting BUDGET/STAFF IMPACT: The 0.4 mils Police and 0.4 mils Fire is needed to fund the Pension plans for both. The 1.0 mils is used to fund the operation of the Fayetteville Public Library. The 2.3 mils will be used to fund General Fund operations. Conclusion: The millage levy must be at Washington County in time to be included in their consolidated levy ordinance which will be approved at the November 22, Quorum Court meeting. The deadline for receipt of the City's levy by the County is October 31. The City levy will be added to the levies by Washington County, the various school districts, improvement districts and other cities within the County when the Washington County Quorum Court adopts its millage levy for 2015. The administration is requesting the following millage amounts: 2.3 mils for General Fund Operations 1.0 mils for the Fayetteville Public Library 0.4 mils for the Police Pension Fund 0.4 mils for the Fire Pension Fund If you have any questions concerning this agenda request please contact me at 575- 8330.