MEMORANDUM
TO: Timothy Navarre, Assembly President
Members, Kenai Peninsula Borough Assembly
THRU: Dale Bagley, Mayor
FROM: Jeffrey Sinz, Finance Director
DATE: May 23, 2002
SUBJECT: Resolution 2002-xxx setting the rate of levy for tax year 2002
The attached resolution establishes the property tax rates for tax year 2002. The tax revenue generated from these rates will provide the largest single source of funding for the borough's FY2003 budget.
The administration is proposing the following changes from the 2001 tax year levels:
2001 Proposed 2002
General Fund 7.00 6.50
Anchor Point Fire & Emergency Medical Service Area 1.20 2.00
All other tax rates are proposed to remain the same.