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<br />REQ'ST FOR CITY COUNCIL AGENDA IT. <br /> <br />AGENDA DATE September 23. 1996 REQUESTED BY Jeff Litchfield. Finance Director/ACM <br /> <br />_ REPORT; _ RESOLUTION; XX ORDINANCE; <br /> <br />The Fiscal Year 1996-97 Budget was built around a tax rate of .71 cents per hundred dollar <br />valuation. <br /> <br />A breakdown of the tax rate is as follows: <br /> <br />General Fund = .57 per hundred dollar valuation <br /> <br />Debt Service = .14 per hundred dollar valuation <br /> <br />The tax rate of .71 is the same rate that has been adopted for the last seven years. <br /> <br />This years rate includes the moving of two cents of the tax rate from the Debt Service Fund to <br />the General Fund. This was made possible by the increase in the transfer from the Golf Course <br />Fund to the Debt Service Fund and by the increased property values of property in the City. <br /> <br />ACTION REQUIRED BY COUNCIL: <br /> <br />Approve Ordinance establishing the tax rate for Fiscal Year 1996-97 at .71 cents per hundred <br />dollar valuation. <br /> <br />FUND N/A <br /> <br />ACCT NUM: N/A <br /> <br />FUNDS AVAILABLE: N/A <br /> <br /> <br />te/1~ <br />D TE' <br />