Posted: August 23, 2023
Rapid City
Agenda Item Summary

Agenda Item Ref. #: CC082823-02 Approve Resolution 2023-076

Agenda Item Title:

Approve Resolution no. 2023-076 – Resolution of Intent to take the Statutorily Authorized Increase in Property Tax Revenue as part of the Annual Appropriation Ordinance for 2024

Origination Group:
City Council
Origination Meeting Date:
08/28/2023
Staff Contact:
Daniel Ainslie
Agenda Item Summary:
Resolution No. 2012-04 was approved by council to require a separate discussion on taking the statutorily authorized CPI for the 2024 Annual Appropriation to assist in funding operations of the General Fund in 2024. The CPI index to be used is 3.0%, the maximum available, or $659,687.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center

Recommendations:

Origination Recommendation Action:
Approve

Attachments & Links to Download:

  pdf Resolution 2023-076 (66 KB)

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