MEMORANDUM
TO: Pete Sprague, Assembly President
Members, Kenai Peninsula Borough Assembly
THRU: Dale Bagley, Mayor
FROM: Jeffrey Sinz, Finance Director
DATE: May 22, 2003
SUBJECT: Resolution 2003-065 setting the rate of levy for tax year 2003
The attached resolution establishes the property tax rates for tax year 2003. The tax revenue generated from these rates will provide the largest single source of funding for the borough's FY2004 budget.
The administration is proposing the following changes from the 2002 tax year levels:
2002 Proposed 2003
Central Peninsula Hospital (CPH) 0.40 0.50
All other tax rates are proposed to remain the same.