Agenda Item #
Columbus Consolidated Government
Council Meeting
June 8, 2010
Agenda Report #
TO: Mayor and Councilors
SUBJECT: FY 2011 Tax Millage
INITIATED BY: Finance Department
____________________________________________________________________
Recommendation: Approve an ordinance levying ad valorem tax rates for the
calendar year 2010 in support of the FY 2011 Budget for the Columbus
Consolidated Government for the fiscal year July 1, 2010 through June 30, 2011.
Background: The Budget which was presented to Council on April 27, 2010
includes property tax revenue based on a projected net county operating digest
of $4,164,582,539 in all districts, which is 0.89% less than the 2009 state
approved digest for the county.
Analysis: The proposed millage reflects a reduction in the millage for Urban
Service District #1 of 7.29 mills, a 5.93 mills decrease in Urban Service
District #2, a 5.88 mills decrease in Urban Service District #4. Therefore,
the proposed millage rates are as follows: in Urban Service District #1, 9.54
mills; in Urban Service District #2, 5.98 mills; and in Urban Service District
#4, 4.74 mills; plus a Debt Service millage of 1.08 for all districts.
Alternatives: The Tax Millage Ordinance will be on second reading June 15,
2010. 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 $42,263,943 of revenues for the
FY 2011 budget. Based on the projected net digest, the three Business
Improvement District?s tax millages will produce combined revenues of $569,625,
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 2010 in support of the FY 2011 Budget for the Columbus
Consolidated Government for the fiscal year July 1, 2010 through June 30, 2011.
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