Number
240773
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
Substitute resolution relative to establishing the rate of taxation for 2025 budget purposes as computed by the Commissioner of Assessments of the City of Milwaukee.
Analysis
Adoption of this substitute resolution will assure compliance with State Statutes s.65.07(1)(a) concerning adoption of the annual city budget.
Body
Whereas, Chapter 65.07(1)(a) of the Wisconsin Statutes requires that the rate of taxation for the general city fund shall be established only by an affirmative vote of at least two thirds of the members elected to the Common Council; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, That under the requirements of Chapter 65.07(1)(a) that the tax rate of the City of Milwaukee resulting from budgetary totals adopted by the Common Council on or about November 14, of the current year shall be the tax rate of the City of Milwaukee for General City Fund for the year 2025.
Requestor
DOA-Budget and Management Division
Drafter
Bryan Rynders
October 23, 2024
BUDGET\2025budget\2025 Budget Resolutions\taxrateTitleOnly.rtf