Agenda Item #
Columbus Consolidated Government
Council Meeting
June 14, 2011
Agenda Report #
TO: Mayor and Councilors
SUBJECT: FY 2012 Tax Millage
INITIATED BY: Finance Department
Recommendation: Approve an ordinance levying ad valorem tax rates for the
calendar year 2011 in support of the FY 2012 Budget for the Columbus
Consolidated Government for the fiscal year July 1, 2011 through June 30, 2012.
Background: The Budget which was presented to Council on April 29, 2011
includes property tax revenue based on a projected net county operating digest
of $4,095,954,035 in all districts, which is 2.00% reduction to the 2011 state
approved digest for the county.
Analysis: The proposed millage reflects an increase in the millage for Urban
Service District #1 of 7.39 mills, a 4.97 mills increase in Urban Service
District #2, a 5.31 mills increase in Urban Service District #4. Therefore,
the proposed millage rates are as follows: in Urban Service District #1, 16.93
mills; in Urban Service District #2, 10.95 mills; and in Urban Service District
#4, 10.05 mills; plus a Debt Service millage of .95 for all districts.
Alternatives: The Tax Millage Ordinance will be on second reading June 28,
2011. Any delay beyond that date will delay the delivery and return of
property tax bills.
Financial Considerations: Based on the projected net digest, these tax rates in
conjunction with the debt digest will provide $69,265,701 of revenues for the
FY 2012 budget. Based on the projected net digest, the three Business
Improvement District?s tax millages will produce combined revenues of $554,151,
which will be remitted less commission fees to the Business Improvement
District.
Legal Considerations: In accordance with O.C.G.A. 48-5-32, the proposed tax
millages and levy for the current year and five prior years have been
advertised prior to Council adoption.
Recommendations/Actions: Approve an ordinance levying ad valorem tax rates for
the calendar year 2011 in support of the FY 2012 Budget for the Columbus
Consolidated Government for the fiscal year July 1, 2011 through June 30, 2012.
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