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HomeMy WebLinkAboutR07-145 2008 Fiscal Budget Mill LevyCommissioner ~ moved adoption of the following Resolution: BOARD OF COUNTY CONIlVIISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO.~AAB - 7-bU~ 2008 FISCAL BUDGET NIILL LEVY WHEREAS, the Eagle County Assessor will certify to the Board of County Commissioners a total assessed valuation of $3,124,413,490; and WHEREAS, the Board of County Commissioners has approved Resolution 2008-_ adopting the Eagle County Budget and making appropriations for the fiscal year 2008; and WHEREAS, the annual budget of Eagle County, Colorado, for fiscal year 2008 requires the generation of property tax revenue for the various County Funds. NOW, THEREFORE, BE IT RESOL• VED'BY THE BOARD OF COUNTY ~'~ ~ ` ~ ~ ~ ' ~ ' ST~ COMMISSIONERS OF THE COUNTY OF EAGLE, STATE OF COLORADO: 1. That a property tax levy of Four and Nine Hundred Twenty Four Thousandths mills (4.924 mills) for the General Fund is approved; 2. That a property tax levy of One and Seven Hundred Twenty Thousandths mills (1.720 mills) for the Road and Bridge Fund is approved; 3. That a property tax levy of Two Hundred and Forty Thousandths mills (0.240 mills) for the Social Services Fund is approved; 4. That a property tax levy ofForty-three Thousandths mills (0.061 mills) for the Capital Improvement Fund is approved; 5. That a property tax levy of One and Five Hundred Thousandths mills (1.500 mills) for the Open Space Fund is approved; 6. That a property tax levy of Seventy Two Thousandths mills (0.054 mills) for the Insurance Reserve Fund is approved; And that the total combined mill levy will be Eight and Four Hundred Ninety-nine Thousandths mills (8.499 mills) for fiscal year 2008. MOVED, READ AND ADOPTED by the Board of County Commissioners of the County of Eagle, State of Colorado, at its regular meeting held the O d` day of December, 2007. ~ ~ ,~ ATTEST: ~~, •i .. Clerk to the B and of County Commissioners Commissioner ~~ll~--L. ~- sec having been called, the vote was as follows: Commissioner Runyon Commissioner Fisher Commissioner Menconi COUNTY OF EAGLE, STATE OF COLORADO, by and Through Its BOARD OF COUNTY COMMISSIONERS B ~~~~~ Y~ Peter F. Runyon Commissioner ` Sara J. Fisher Commissioner Arn . Menconi ,, onded adoption oI'the foregoing resolution. The roll: 1 u This Resolution passed by ~ ` (~ the County of Eagle, State of Colorado. G:Mike~BUDGE'I12Q07 mill levy resoluHon.doc vote of the Board of County Commissioners of 2 EAGLE COUNTY, COLORADO 2008 BUDGET Property Tax History Percent Percent Percent 2008 Of 2007 Of 2008 Of Budget Total Budget Total Budget Total County Valuation: Base Value 2,167,135,310 98.18% 2,187,470,330 96.29% 3,082,764,710 98.03% of Increase 11% 0.94% 40.01% New Construction 40,191,940 1.82% 84,270,550 3.71 % 92,818,400 2.97% of Increase -24% 109.67% 10.14% Less TIF district increment (31,169,620) -1.00% Total Valuation 2,207,327,250 100.00% 2,271,740,880 100.00% 3,124,413,490 100.00% 2006 2007 2008 Budget Budget Budget MITI Levy: General Fund 4.919 4.924 4.924 Road 8 Bridge Fund 1.720 1.720 1.720 Social Services Fund 0.240 0.240 0.240 Insurance Reserve Fund 0.077 0.072 0.054 Capital Improvement Fund 0.043 0.043 0.061 Open Space Fund 1.500 1.500 1:500 Total Mill Levy 8.499 ~ 8.499 8.499 of Increase 0% 0% 0% Property Tax• General Fund 10,857,843 57.88% 11,186,052 57.94% 15,384,612 57.94% Road & Bridge Fund 3,796,603 20.24% 3,907,394 20.24% 5,373,991 20.24% Social Services Fund 529,759 2.82% 545,218 2.82% 749,859 2.82% Insurance Reserve Fund 169,964 0.91 % 163,565 0.85% 168,718 0.64% Capital Improvement Fund 94,915 0.51 % 97,685 0.51 % 190,589 0.72% Open Space Fund 3,310,991 17.65% 3,407,611 17.65% 4,686,620 17.65% Total Property Tax 18,760,075 100.00% 19,307,527 100.00% 26,554,390 100.00% of Increase 10.31% 2.92% 37.53%