08/15/2017 Resolutions 2017-220RESOLUTION 2017-220
WHEREAS, the 2017-2018 budget process requires additional revenues to ensure a
balanced budget; and
increases; and
WHEREAS, the City Council has discussed several possible options for revenue
WHEREAS, the City Council will adopt the 2017-2018 Budget at the September 12,
2017 meeting; and
WHEREAS, these additional revenues will be incorporated into the Fiscal Year 2017-
2018 Budget revenue numbers; and
WHEREAS, three additional revenue items that have been discussed are an increase
in property taxes, the addition of a stormwater surcharge and a change to the occupation tax related
to natural gas; and
WHEREAS, the current proposal is to increase the total City property tax levy,
excluding the CRA levy, by .04744 to a total levy of .37154; and
WHEREAS, the estimated increase in revenue from a.04744 levy increase to
property tax is $1,400,000; and
WHEREAS, the estimated additional revenue from a stormwater surcharge is
$300,000; and
WHEREAS, the estimated increase in revenue from a change to the occupation tax
related to natural gas from 3% of gross receipts to a charge per therm is $300,000.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that it is our intent that the resulting change in
revenue from an increase in the property tax levy, the addition of a stormwater surcharge and the
changes to the occupation tax related to natural gas will be incorporated in the 2017-2018 budget,
any required public hearings, ordinances or resolutions will be taken up at a future Council meeting,
but prior to the approval of the 2017-2018 budget.
Adopted by the City Council of the City of Grand Island, Nebraska, August 15, 2017
Attest:
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RaNae Edwards, City Clerk
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Approved as to Form tt
August 14, 2017 tt orney