04-073-O

ORDINANCE NO. __________


AN ORDINANCE DETERMINING THE SUM TO BE RAISED BY TAXATION FOR GENERAL PURPOSES FOR THE YEAR 2005.

BY COUNCILOR NESS:

The city of Duluth does ordain:

     Section 1. The sum to be raised by taxation for the year 2005 for general operations is hereby determined to be the sum of $10,730,400 which sum is levied against the taxable property of the city of Duluth and appropriated to the various accounts of the city, as set forth in the following sections, viz:

     Section 2. There will be levied for the support of the general fund the sum of $6,510,500.

     Section 3. For the pay of debt, there will be levied for the general obligation debt fund the sum of $3,742,100.

     Section 4. For the pay of debt for the Duluth transit bonds, there will be levied the sum of $157,800.

     Section 5. That pursuant to laws of Minnesota 1971, Chapter 824, to pay for the portion of the cost of local improvements which will not sustain a special assessment, there will be levied for the permanent improvement fund the sum of $320,000.

     Section 6. That this ordinance shall take effect January 1, 2005.


STATEMENT OF PURPOSE:  This ordinance sets the 2005 levy at the same amount approved by the Duluth City Council at the September 13, 2004, meeting. The levy as proposed in this ordinance of $10,730,400 is 5.7 percent higher than the 2004 levy and reflects an overall increase of $576,900. The breakdown of the net change is an additional $351,600 for general operations of the city; $272,300 increased support to the neighborhood street improvement program; and an increase in the permanent improvement program of $30,000. These increases are offset by reductions in the debt service levy of $39,000 and in the Duluth transit authority levy of $38,000.