City of Madison - File #: 40559

• File #: 40559
• Version: 1
• Name: Adopting the 2016 City Budget authorizing a 2015 general property tax levy of $____ for City of Madison purposes, adopting a supplemental increase of $____ in the allowable property tax levy for 2015, as authorized under s. 66.0602 (3) (f), Wisconsin Stat
• Type: Resolution
• Status: Passed
• File created: 10/20/2015
• In control: BOARD OF ESTIMATES (ended 4/2017)
• On agenda: 11/10/2015
• Final action: 11/10/2015
• Enactment date: 11/11/2015
• Enactment #: RES-15-00867
• Title: Adopting the 2016 City Budget authorizing a 2015 general property tax levy of $209,856,551 for City of Madison purposes, adopting a supplemental increase of $288,284 in the allowable property tax levy for 2015, 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.
• Sponsors: Common Council By Request

Date	Ver.	Action By	Action	Result
11/10/2015	1	COMMON COUNCIL	Adopt Under Suspension of Rules 2.04, 2.05, 2.24, and 2.25	Pass
10/20/2015	1	Attorney's Office	RECOMMEND TO COUNCIL TO ADOPT UNDER SUSPENSION OF RULES 2.04, 2.05, 2.24, & 2.25 - MISC. ITEMS

Fiscal Note
The 2015 tax levy established by this resolution is necessary to fund the 2016 budget. This levy will result in a tax rate of approximately $9.50 mills.

Title
Adopting the 2016 City Budget authorizing a 2015 general property tax levy of $209,856,551 for City of Madison purposes, adopting a supplemental increase of $288,284 in the allowable property tax levy for 2015, 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 2015 tax levy established by this resolution is necessary to fund the 2016 budget. This levy will result in a tax rate of approximately $9.50 mills.

Adopting the 2016 City Budget authorizing a 2015 general property tax levy of $209,856,551 for City of Madison purposes, adopting a supplemental increase of $288,284 in the allowable property tax levy for 2014, 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, 2016 and ending December 31, 2016 as shown in the 2015 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...