HomeMy WebLinkAboutResolution No. 5366COUNCIL RESOLUTION NO. 5366
RESOLUTION AUTHORIZING A BIENNIAL (24-MONTH)
BUDGET PURSUANT TO ORS 294.323.
PASSED: 7:0
REJECTED:
OPPOSED:
ABSENT:
CONSIDERED: November 28, 2022
Eugene
RESOLUTION NO. 5366
RESOLUTION AUTHORIZING A BIENNIAL (24-MONTH) BUDGET
PURSUANT TO ORS 294.323.
The City Council of the City of Eugene finds that:
A. Oregon Revised Statute (ORS) 294.323 authorizes local governments to adopt
biennial (24-month) budgets so long as certain requirements are met. Specifically, ORS
294.323(1), provides that a municipal corporation may prepare the budget and budget documents
for a period of 24 months if doing so is authorized by ordinance, resolution, or charter.
B. The City of Eugene deems it appropriate to develop its budget for a longer -term
perspective than one year.
C. ORS 294.323(2) requires that when a governing body of a municipal corporation
prepares a biennial budget, the governing body shall certify to the assessor for each fiscal year of
the budget period the ad valorem property tax amount or rate for the ensuing fiscal year.
NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, a
Municipal Corporation of the State of Oregon, as follows:
Section 1. The City Council authorizes the budget and budget documents be prepared
for a period of 24 months, declares its intent to prepare and adopt a biennial budget, and instructs
the Budget Officer to prepare the budget and budget documents for a 24-month period beginning
July 1, 2023, and continuing thereafter unless and until the City Council repeals this Resolution.
Section 2. The City Council will annually certify to the assessor the ad valorem property
tax amount or rate for the ensuing fiscal year.
Section 3. This Resolution is effective immediately upon its passage by the City
Council.
The foregoing Resolution adopted the 28th clay of November, 2022.
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