Fiscal Note
The 2017 tax levy established by this resolution is necessary to fund the 2018 budget. This levy will result in a tax rate of approximately 9.32 mills.
Title
Adopting the 2018 City Budget authorizing a 2017 general property tax levy of $231,041,537 for City of Madison purposes, adopting a supplemental increase of $348,664 in the allowable property tax levy for 2017, as authorized under s. 66.0602 (3) (f), Wisconsin Statutes, and declaring the City's official intent to issue general obligation and revenue bonds to reimburse for certain expenditures authorized therein.
Body
The 2017 tax levy established by this resolution is necessary to fund the 2018 budget. This levy will result in a tax rate of approximately 9.32 mills.
Adopting the 2018 City Budget authorizing a 2017 general property tax levy of $231,041,537 for City of Madison purposes, adopting a supplemental increase of $348,664 in the allowable property tax levy for 2017, as authorized under s. 66.0602 (3) (f), Wisconsin Statutes, and declaring the City's official intent to issue general obligation and revenue bonds to reimburse for certain expenditures authorized therein.
BE IT RESOLVED, that the revenues herein named and funds received from taxes levied and other sources are hereby appropriated to the several departments of municipal government for purposes hereinafter mentioned for the fiscal year beginning January 1, 2018 and ending December 31, 2018 as shown in the 2018 City Budget on file in the office of the City Clerk.
BE IT FURTHER RESOLVED, that the expenditures within departments for the various major objects of expenditure and capital projects shall not exceed the amounts specified for such purposes as shown in the budget on file in the office of the City Clerk; provided, however, that the Finance Director is authorized to approve intradepartmental transfers of unencumbered balances of up to $5,000, and the Mayor is authorized to approve interdepartmental transfers of up to $5,...
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