Agenda Item Title:
Approve Resolution no. 2021-086 – Resolution of Intent to take the Statutorily Authorized Increase in Property Tax Revenue as part of the Annual Appropriation Ordinance for 2022
Origination Group:
City Council
Origination Meeting Date:
09/07/2021
Staff Contact:
Pauline Sumption
Agenda Item Summary:
Resolution No. 2021-86 was approved by council to require a separate discussion on taking the statutorily authorized CPI for the 2022 Annual Appropriation to assist in funding operations of the General Fund in 2022. The CPI index to be used is 1.2%, or $234,501.
Funding Source & Fiscal Impact (if applicable):
| Funding | Cost Center |
|---|---|
Recommendations:
Origination Recommendation Action:
Approve