HomeMy WebLinkAboutRESOLUTION NO. 2020-12 RESOLUTION NO. 2020-12
RESOLUTION APPROVING THE MAXIMUM TAX DOLLARS FROM
CERTAIN LEVIES FOR THE CITY'S PROPOSED FISCAL YEAR 2020-2021
BUDGET
WHEREAS, the City Council of Fairfax, Iowa is preparing the annual budget for
the Fiscal Year 2020-2021; and
WHEREAS, the City Council of the City of Fairfax has considered the proposed
FY21 city maximum property tax dollars for the affected levy total; and
WHEREAS, a notice concerning the proposed city maximum property tax dollars
was published and posted on the city web site and social media accounts as required; and
WHEREAS, a public hearing concerning the city maximum property tax dollars
for the affected levy total was held at the city council meeting on February 18, 2020, at
6:00 PM at the Fairfax City Hall, at 300 801h Street Court, Fairfax, Iowa.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of
Fairfax, Iowa, that the maximum property tax dollars for the affected tax levies for FY21
shall not exceed $861,601, which represents more than 102% from the maximum property
tax dollars requested for FY20 from the affected levies.
BE IT FURTHER RESOLVED, by the Fairfax City Council of the City of
Fairfax, Iowa,that the Mayor and City Clerk are hereby authorized and directed to execute
said resolution.
Passed and approved this 18th day of February, 2020.
AYES: Daly, Pacha, Volk, Wainwright, and Otto
NAYS: None
'ffurnell G. Frieden, Mayor
ATTEST:
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C thia Stimson, City Clerk/Treasurer � 1
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CITY NAME NOTICE OF PUBLIC HEARING-PROPOSED PROPERTY TAX LEVY CITY CODE
Fairfax I Fiscal Year July 1,2020-June 30,2021 1 57-544
The City Council will conduct a public hearing on the proposed Fiscal Year City property tax levy as follows:
Meeting Date: Meeting Time: Meeting Location:
2/18/2020 1 6:00 PM I Fairfax City Hall,300 80th Street Court,Fairfax, Iowa
At the public hearing any resident or taxpayer may present objections to,or arguments in favor of the proposed tax levy.
After adoption of the proposed tax levy,the Council will publish notice and hold a hearing on the proposed city budget.
City Web Site(if available): City Telephone Number:
www.cityoffairfax.org 319-846-2204
Iowa Department of Management Current Year Budget Year Budget Year
Certified Property Effective Property Proposed Annual
Tax Tax Maximum Property
Tax
2019/2020 2020/2021** 2020/2021 %CHG
Regular Taxable Valuation 11 101,725,891 106,370,5031 106,370,503
Tax Levies:
Regular General 2 $823,980 $823,980 $861,601'
Contract for Use of Bridge 3 $0 $0
Opr&Maint Publicly Owned Transit 4 $0 $0
Rent, Ins.Maint.Of Non-Owned Civ.Ctr. 5 $0 $0
Opr&Maint of City-Owned Civic Center 6 $0 $0
Planning a Sanitary Disposal Project 7 $0 $0
Liability,Property&Self-Insurance Costs 8 $0 $0
Support of Local Emer.Mgmt.Commission 9 $0 $0
Emergency 10 $0 - - $0
Police&Fire Retirement 11 $0 $0
FICA&IPERS 12 $0 $0
Other Employee Benefits 13 $0 1 $0
*Total 384.15A Maximum Tax Levy 14 $823,980 $823,980 $861,601 4.57%
Calculated 384.15A MaximumTax Rate 15 $8.10000 $7.74632 $8.10000
Explanation of significant increases in the budget:
The City of Fairfax has had growth at a rate higher than 2%. With this growth,we have a larger area and more residents that need
services. We wish to capture all of the growth in valuations to help provide those services,while leaving the levy rate the same,at
$8.10.
If applicable,the above notice also available online at:
City of Fairfax website: www.cityoffairfax.org
`Total city tax rate will also include voted general fund levy,debt service levy,and capital improvement reserve levy
"Budget year effective property tax rate is the rate that would be assessed for these levies if the dollars requested is not changed in the coming
budget year