Fiscal Note
The 2018 tax levy established by this resolution is necessary to fund the 2019 budget. This levy will result in a tax rate of approximately 9.07 mills
Title
SUBSTITUTE - Adopting the 2019 City Budget authorizing a 2018 general property tax levy of $241,829,722 for City of Madison purposes, adopting a supplemental increase of $4,572 in the allowable property tax levy for 2018, 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
Adopting the 2019 City Budget authorizing a 2018 general property tax levy of $241,829,722 for City of Madison purposes, adopting a supplemental increase of $4,572 in the allowable property tax levy for 2018, 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, 2019 and ending December 31, 2019 as shown in the 2019 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 $5,000.
BE IT FURTHER RESOLVED that, pursuant to s. 66.0602 (3) (f), Wisconsin Statutes, the allowable levy for 2018 is increased by $4,572 (from ...
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