Laserfiche WebLink
Financial Management <br /> DATE: 10/30/2019 <br /> MEMO: Letter to the Decatur City Council Financial Management Department 2019- 12 <br /> TO: Honorable Mayor Moore Wolfe and City Council Members <br /> FROM: Scot Wrighton,City Manager <br /> Gregg D. Zientara,City Treasurer&Director of Finance <br /> BACKGROUND: The city armually provides an estimated tax levy report prior to actual adoption of the levy. The proposed <br /> property tax levy reflects direction provided by the City Council at their August 6 study session to keep property taxes level(in <br /> dollars,not necessarily in rate)for the average residenrial property tax payer while still capturing new taxes that should <br /> reasonably be e�ected from new armeJcations and new construction projects. In this way,we anticipate a slight increase in <br /> aggregate property tax revenues,but no increase in taxes for individual property owners who have made no improvements in their <br /> real estate since last year. Depending on township and school district,the city of Decatur's property tax levy is between 15 and <br /> 17%of the total levy paid by property owners,with the balance levied and paid to the school district,county,park district and <br /> the many other overlapping units of local government in Macon County. <br /> ATTACHMENTS: <br /> Description Type <br /> Resolution C'o1 cr�1emo <br /> E}chibit A C'<n cr Mcmo <br />