MEMORANDUM
KENAI PENINSULA BOROUGH
FINANCE DEPARTMENT
To: William Popp, Assembly President
Members, Kenai Borough Assembly
Thru: Dale Bagley, Mayor
From: Jeffrey Sinz, Finance Director
Date: June 6, 2000
Subject: Resolution 2000-40, Setting the Kenai Peninsula Borough Tax Levy for Tax Year 2000 (Fiscal Year 2001)
The attached resolution establishes the property tax rates for tax year 2000. The tax revenue generated from these rates will provide the largest single source of funding for the borough's FY2001 budget.
The administration is proposing that all tax rates continue at their 1999 tax year levels, except for the General Fund mill rate which is proposed to decrease from 8.00 to 7.50 mills, and the Roads Service Area which is anticipating a proposed tax rate increase of 0.5 mills, from 0.50 to 1.00 mills.