BY COUNCILOR HOGG:01-049-O
ORDINANCE NO. __________
AN ORDINANCE DETERMINING THE SUM TO BE RAISED BY TAXATION FOR THE SPECIAL TAXING DISTRICT, DULUTH TRANSIT AUTHORITY FOR THE YEAR 2002.
The city of Duluth does ordain:
Section 1. The sum to be raised by taxation for the year 2002 for Duluth transit authority special taxing district's operations is hereby determined to be the sum of $272,300 which sum is levied against the taxable property of the city of Duluth and appropriated to the various accounts as set forth in the following section, viz:
Section 2. That pursuant to Minnesota Statutes, Section 458A.31, Subd. 1, there will be levied for transit operations the sum of $272,300.
Section 3. That this ordinance shall take effect
January 1, 2002.
In addition to the above, the state legislature created a new transit replacement aid which reduces the amount of local property tax support required for transit operations. In the case of the Duluth transit authority, the amount certified totaled $1,222,600. When subtracted from the 2001 combined transit operating and transit bond levies of $1,877,100, the remainder of $654,500 continues to represent the local funding need. Of that, $382,200 is proposed to be levied to cover the DTA's debt service, with the remainder, $272,300 proposed in this ordinance for operations.