BY COUNCILOR HOGG:01-0655R
RESOLUTION PROPOSING THE SUM TO BE RAISED BY TAXATION FOR THE SPECIAL TAXING DISTRICT, DULUTH TRANSIT AUTHORITY FOR THE YEAR 2002.
RESOLVED, that pursuant to Minnesota Statutes, Sec. 275.065, the city council
adopts the following proposed tax levy.
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.
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 resolution for operations.