NUMB:
971807
VERS:
ORIGINAL
XXBY:
THE CHAIR
TITL:
Resolution appropriating $600,000 from the 1998 Common Council Contingent Fund to the Remission of Taxes Fund, Special Purpose Account No. 01-086-8001. (Assessor's Office)
ANLS:
- Analysis -
This resolution appropriates $600,000 from the 1998 Common Council Contingent Fund to the Remission of Taxes Fund, Special Purpose Account No. 01-086-8001 for refunds ordered by the local Board of Review.
BODY:
Whereas, as a result of action to be taken by the Board of Review against certain parcels of real estate, the Assessment Commissioner's Office projects a deficit of $600,000 in the Special Purpose Account, Remission of Taxes Fund (Account Number (01-086-8001); and
Whereas, no funds are available to transfer from other accounts in its budget appropriations; and
Whereas, This project deficit is largely due to uncontrollable circumstances, such as, reductions by the Board of Review under Section 70.47(9) of the Wisconsin Statutes; claims filed under Section 74.35 of the Wisconsin Statutes; and corrections of assessments under Section 70.43 of the Wisconsin Statutes; and
Whereas, Under Section 70.511(2)(b) of the Wisconsin Statutes, claims for the refund of taxes filed by taxpayers shall be payable by the municipality; now therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that $600,000 be, and hereby is, appropriated from the 1998 Common Council Contingent Fund (Account No. 09-910-8000) to the Remission of Taxes Fund, Special Purpose Account No. 01-086-8001.
DFTR:
Assessor's Office
jap/kat
2/25/98