Agenda Item Title:
Approve Resolution no. 2022-074 – Resolution of Intent to take the Statutorily Authorized Increase in Property Tax Revenue as part of the Annual Appropriation Ordinance for 2023
Origination Group:
City Council
Origination Meeting Date:
08/17/2022
Staff Contact:
Pauline Sumption
Agenda Item Summary:
Resolution No. 2012-04 was approved by council to require a separate discussion on taking the statutorily authorized CPI for the 2023 Annual Appropriation to assist in funding operations of the General Fund in 2023. The CPI index to be used is 3.0%, the maximum available, or $629,589.
Funding Source & Fiscal Impact (if applicable):
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