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Topics of Discussion  
Council Work Session
 
Meeting Date:
06/07/2022
2023 Tax Budget
Submitted By:
Jim Bell
Department:
Division:
Accounting
Council Committee Review?:
Council Work Session
Date(s) of Committee Review:
06/07/2022
Audio-Visual Needs:
None
Emergency Legislation?:
No
Motion/Ordinance/
Resolution No.:
Agenda Item Description or Legislation Title
2023 Tax Budget
Purpose and Background
This legislation is a formality to adopt the 2023 Tax Budget. The resolution is to adopt the Tax Budget for Fiscal Year 2023 and this adoption is the beginning of the budget process. The Miami County Auditor is requesting that the City submit the Tax Budget as a proof of the need for Miami County's distribution of property taxes and Local Government Fund revenue to the City. A public hearing on the 2023 Tax Budget is scheduled for the June 13, 2022, City Council Meeting. The 2023 Tax Budget is required to be submitted to the Miami County Auditor by July 20, 2022. City Staff respectfully request a first reading and adoption of the legislation at the June 13, 2022 City Council Meeting as non-emergency legislation provided the 2023-2027 Capital Improvement Plan is adopted prior to the 2023 Tax Budget.
Fiscal Impact
Source of Funds:
Various Funds
Cost:
N/A
Recurring Cost? (Yes/No):
N/A
Funds Available in Current Budget? (Yes/No):
N/A
Financial Implications:
There are no financial implications at this time. This preliminary 2023 Tax Budget only provides revenue estimates. This will not be the final 2023 Appropriations Budget which will be presented to City Council later this year.
Attachments
Resolution
Exhibit A
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