HomeMy WebLinkAboutResolution No. 5377COUNCIL RESOLUTION NO. 5377
A RESOLUTION DETERMINING, LEVYING, AND
CATEGORIZING THE ANNUAL AD VALOREM PROPERTY
TAX LEVY FOR THE CITY OF EUGENE FOR THE FISCAL
YEAR BEGINNING JULY 19 20239 AND ENDING JUNE 309
2024
PASSED: 8:0
REJECTED:
OPPOSED:
ABSENT:
CONSIDERED: June 26, 2023
RESOLUTION NO. 5377
A RESOLUTION DETERMINING, LEVYING, AND CATEGORIZING
THE ANNUAL AD VALOREM PROPERTY TAX LEVY
FOR THE CITY OF EUGENE FOR THE FISCAL YEAR
BEGINNING JULY 1, 2023, AND ENDING JUNE 30, 2024
The City Council of the City of Eugene finds that determining, levying, and
categorizing the annual ad valorem property tax levy is necessary under ORS 294.305 to
294.565.
NOW, THEREFORE, based on the above finding,.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, A Municipal
Corporation of the State of Oregon, as follows:
Section 1. That a total levy in the amount of $7.0058 per $1,000 of Assessed Value
be made against all taxable property within the City of Eugene in general, a Library Local
Option Levy of $2,850,000, a Parks and Recreation Operations and Maintenance Local
Option Levy of $5,330,000 and a Bonded Debt Levy of $13,822,635 for the purpose of
deriving funds necessary to carry on the different programs and to meet the expenses of
the government of the City of Eugene for the fiscal year beginning July 1, 2023 and ending
June 30, 2024; and to create and provide sinking funds and interest funds for the various
outstanding bonds and obligations of the City.
Section 2. That the following allocation and categorization subject to the limits of
section 11b, Article XI of the Oregon Constitution constitute the above levy:
General Fund
Library Local Option Levy
Fund
Parks and Recreation
Operations and Maintenance
Local Option Levy Fund
Subject to the General Excluded from
Government Limitation the Limitation
$7.0058 per $1,000 of Assessed $0
Value
$2,850,000 $0
$5,330,000 $0
Bonded Debt Fund $0
$13,822,635
Section 3. That the City of Eugene Finance Officer is hereby requested to certify the
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levies as herein made and set forth to the County Assessor of Lane County, Oregon, and
shall file with the Lane County Assessor and the Lane County Clerk a copy of the adopted
budget for the 2023-2025 biennium, and such other documents as required by ORS
294.458 and ORS 310.060.
The foregoing Resolution adopted this 26th day of June, 2023.
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