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File #: R-402-20    Version: 1 Name:
Type: Resolution Status: Second Reading
File created: 9/22/2020 In control: Finance Department
On agenda: 10/20/2020 Final action:
Title: Accepting the property tax amounts and rates for the 2021 budget as determined by the County Budget Commission; authorizing the necessary tax levies, certifying said levies to the County Auditor; and declaring an emergency.
Label
Amounts&Rates2020
Department of Finance
Melanie Campbell (x1252)
(Revised)

Title
Accepting the property tax amounts and rates for the 2021 budget as determined by the County Budget Commission; authorizing the necessary tax levies, certifying said levies to the County Auditor; and declaring an emergency.

Body
SUMMARY & BACKGROUND:
The Budget Commission of Lucas County, Ohio has certified its action to Toledo City Council with an estimate by the County Auditor of the amount of property tax to be collected in 2021 and the tax rate of each tax to be levied by the Council; and what part thereof is without, and what part within, the 10-mill limitation.

The fiscal impact of this resolution is as follows:
- The total amount of funds requested: $0
- New revenue generated (operational revenue, grants, if any): $0
- Are funds budgeted in the current fiscal year (yes/no)?: no
- Is this a capital project (yes/no)? no
- If yes, is it new or existing (new/existing)? N/A
- What section of the City's Strategic Plan does this support:
o Excellence in Basic Services (yes/no) yes
o Quality Community Investment (Livable City, Development) (yes/no) yes
o Workplace Culture & Customer Service (yes/no) yes
o Environment (yes/no) yes

Summary
NOW, THEREFORE, Be it resolved by the Council of the City of Toledo:

SECTION 1. That the amounts and rates for general property tax as determined by the Budget Commission and its certification are accepted.

SECTION 2. That there be and is levied on the tax duplicate of said city, the rate of each tax necessary to be levied pursuant to Section 8(s) of the City Charter within the 10-mill limitation and outside the 10-mill limitation, in accordance with the following schedule:

A. Summary of accounts for general property tax approved by the Budget Commission and County Auditor's estimated tax rate.


Amount From

Amount Approval




Outside

Inside 10-Mill

Rate
Rate

10-Mill Limit

Limit

Inside
Outside
General Fund
$6,300,000...

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