No preview available
HomeMy WebLinkAboutR98-155 1999 Mill Levy • Commissioner 69-Ci moved adoption of the following Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 98- 1999 FISCAL BUDGET MILL LEVY WHEREAS, on the 1st day of December, 1998, the Eagle County Assessor certified to the Board of County Commissioners a total assessed valuation of $1,336,004,250.00; and WHEREAS, the Board of County Commissioners has approved Resolution 98 -152 adopting the Eagle County Budget and making appropriations for the fiscal year 1999; and WHEREAS, the annual budget of Eagle County, Colorado, for fiscal year 1999 requires the generation of property tax revenue for the various County Funds. NOW, THEREFORE, be it resolved and authorized by the Board of County Commissioners of Eagle County, Colorado: 1. That a property tax levy of Three and Five Hundred and Twenty Two Thousandths mills (3.522 mills) for the General Fund is approved; • • 2. That a property tax levy of Two and Seventy -four Thousandths mills (2.074 mills) for the Road and Bridge Fund is approved; 3. That a property tax levy of One Hundred Nineteen Thousandths mills (0.119 mills) for the Social Services Fund is approved; 4. That a property tax levy of Four Hundred Seventy Four Thousandths mills (0.474 mills) for the Capital Expenditures Fund is approved; 5. That a property tax levy of Five Hundred Six Thousandths mills (0.506 mills) for the Retirement Fund is approved; 6. That a property tax levy of Zero Thousandths mills (0.00 mills) for the Contingency Reserve Fund is approved; 7. That a property tax levy of Two Hundred Forty -Nine Thousandths mills (0.249 mills) for the Insurance Reserve Fund is approved; 8. That a property tax levy of Five Hundred Thirteen Thousandths mills (0.513 mills) for the Debt Service Fund is approved; 9. That a property tax levy of Six Thousandths mills (0.006 mills) is approved for tax refunds and abatements made during Fiscal Year 1999; And that the total combined mill levy will be Seven and Four Hundred Sixty Three Thousandths mills (7.463 mills) for fiscal year 1999. 2 • • MOVED, READ AND ADOPTED by the Board of County Commissioners of the County of Eagle, State of Colorado, at its regular meeting held the /e day of December, 1998. o EAcLF COUNTY OF EAGLE, STATE OF • % COLORADO, by and Through Its K ATTEST- BOARD OF COUNTY COMMISSIONERS _111 . Clerk to the Board of •ames E. • nson, . County Commissioners Chairman �`t:1 - - • Georg - /. Gates ( - 'Commissioner / /Johnnette Phillips • Commissioner Commissioner 4)6.04,t) seconded adoption of the fore- going resolution. The roll having been called, the vote was as follows: • Commissioner Johnson Commissioner Gates O,/ Commissioner Phillips This Resolution passed by ?5 -0 vote of the Board of County Commissioners of the County of Eagle, State of Colorado. mta \r \millevy.99 3 1999 PROPOSED BUDGET • PROPERTY TAX HISTO B Y FUND, BASED ON FIGURES L EXHIBIT B - LEVY YEAR 1998 1997 1996 1995 1994 COLLECTION YEAR 1999 1998 1997 1996 1995 PROPERTY TAXES LEVIED General $4,705,407 $4, 453, 637 $4,267,405 $4,193,762 $3,946,920 Road & Bridge $2,770,873 $2,655,028 $2,527,485 $2,537,075 $2,404,822 Social Services $158,985 $225,306 $286,111 $275,304 $261,109 Capital Expenditure $633,266 $642,635 $505,497 $341,455 $286,483 Retirement $ 676, 018 $ 529.982 $404,398 $308,379 $315,132 Contingency $0 $0 $0 $973 $819 Insurance $332,665 $318,757 $303,298 $273,358 $259,472 Debt Service $685,370 $720,724 $716,795 $716,957 $655,637 Refund/Abatement $8,016 $7,681 $24,264 $46,695 $39,289 Total $9,970,600 $9,553,749 $9,035,252 $8,693,958 $8,169,683 Base Value $9,569, 830 $9,224,598 $8,688,624 $8,425,109 $7,922,641 New Construction $400,770 $329,151 $346,628 $268,849 $247,043 YEAR TO YEAR CHANGE General 5.65% 4.36% 1.76% 6.25% 4.28% Road & Bridge 4.36% 5.05% -0.38% 5.50% 5.36% Social Services - 29.44% - 21.25% 3.93% 5.44% 5.36% Capital Expenditure - 1.46% 27.13% 48.04% 19.19% 36.58% Retirement 27.56% 31.05% 31.14% -2.14% 5.36% Contingency 0.00% 0.00% 100.00% 18.85% 5.36% Insurance 4.36% 5.10% 10.95% 5.35% -3.75% Debt Service -4.91% 0.55% -0.02% 9.35% 2.54% Refund/Abatement 4.36% - 68.34% - 48.04% 18.85% - 19.73% Total 4.36% 5.74% 3.93% 6.42% 4.97% Base Value 3.74% 6.17% 3.13% 6.34% 4.23% New Construction 21.76% -5.04% 28.93% 8.83% 35.94% PCT, TOTAL TAXES LEVIED General 47.19% 46.62% 47.23% 48.24% 48.31% Road & Bridge 27.79% 27.79% 27.97% 29.18% 29.44% Social Services 1.59% 2.36% 3.17% 3.17% 3.20% Capital Expenditure 6.35% 6.73% 5.59% 3.93% 3.51 % Retirement 6.78% 5.55% 4.48% 3.55% 3.86% Contingency 0.00% 0.00% 0.00% 0.01% 0.01% Insurance 3.34% 3.34% 3.36% 3.14% 3.18% Debt Service 6.87% 7.54% 7.93% 8.25% 8.03% Refund/Abatement 0.08% 0.08% 0.27% 0.54% 0.48% Total 100.00% 100.00% 100.00% 100.00% 100.00% Base Value 95.98% 96.55% 96.16% 96.91% 96.98% New Construction 4.02% 3.45% 3.84% 3.09% 3.02% PROPERTY TAX LEVIES - General 3.522 3.479 4.221 4.311 4.822 Road & Bridge 2.074 2.074 2.500 2.608 2.938 Social Services 0.119 0.176 0.283 0.283 0.319 Capital Expenditure 0.474 0.502 0.500 0.351 0.350 Retirement 0.506 0.414 0.400 0.317 0.385 Contingency 0.000 0.000 0.000 0.001 0.001 Insurance 0.249 0.249 0.300 0.281 0.317 Debt Service 0.513 0.563 0.709 0.737 0.801 Refund/Abatement 0.006 0.006 0.024 0.048 0.048 Total 7.463 7.463 8.937 8.937 9.981 COUNTY VALUATION Base Value $1,282,303,363 $1, 236, 044.260 $972,208,131 $942,722,286 $793,772,218 New Construction $53, 700, 887 $44 ,104,400 $38,785,689 $30,082,714 $24,751,282 Total Value $1,336,004,250 $1,280,148,660 $1,010,993,820 $972,805,000 $818,523,500 PERCENT CHANGE FROM PRIOR YEAR Base Value 3.74% 27.14% 3.13% 18.76% 4.62% New Construction 21.76% 13.71 % 28.93% 21.54% 36.44% Total Value 4.36% 26.62% 3.93% 18.85% 5.36% ACTUAL VALUE Total Value $9, 158, 652, 265 *676,740,173 $6, 719, 145, 967 $6,386,442,387 $4,794,059,273 New Construction $ 380, 837.237 $324,378,855 $322,781,287 $250,400,235 $186,892,009 Net Value $8, 777, 815.028 $8,352,361,318 $6,396,364,680 $6,136,042,152 $4,607,167,264 PAGE 1