HomeMy WebLinkAboutResolution No. R25-73 RESOLUTION NO. R25-73
A RESOLUTION OF THE CITY COUNCIL ESTABLISHING THE METHOD OF
LEVYING VOTED MILLS AS REQUIRED BY LAWS 2025, CHAPTERS 674 AND
767 PASSED IN THE 69TH MONTANA LEGISLATIVE SESSION.
WHEREAS,Laws 2025, Chapters 674 and 767 passed in the 69th Montana Legislative
Session requires that a taxing entity with a local mill levy limit of a specific number of mills
that may be imposed that was authorized by the voters before May 13, 2025, shall elect one of
two methods to recalculate those mill levies;
WHEREAS, a taxing entity may either elect to: (a) transition a voted mill levy to a
dollar-based mill levy equal to the amount of property taxes assessed in fiscal year 2025 and
thereafter subject to the provisions of 15-10-420(1)(a); or(b) levy the number of mills in fiscal
year 2026 that will generate the amount of property taxes assessed in fiscal year 2025;
WHEREAS, in fiscal years after 2026, the local government may levy an amount not
to exceed the number of mills levied in fiscal year 2026; and
WHEREAS, the City of Laurel has the following mill levy authorized by the voters
before May 13, 2025, of 46.14 mills.
NOW THEREFORE BE IT RESOLVED, by the City Council of the City of Laurel
that:
1. The City of Laurel mill levy will be transitioned to a dollar-based mill levy equal
to the total authorized ad valorem tax revenue assessment in fiscal year 2025
and thereafter subject to the provisions of 15-10-420(1)(a);
2. The total authorized ad valorem tax revenue assessed in fiscal year 2025 for the
City of Laurel mill levy was $450,000.00 and
3. HEREAFTER, the Laurel City Council may levy up to $450,000.00 plus the
rate of inflation provided for in Section 15-10-420(1)(a), MCA; and
4. For fiscal year 2026, the Laurel City Council will levy $459585.00 for the City
of Laurel voted mill levy.
Introduced at a regular meeting of the City Council on August 26, 2025, by Council
Member Wheeler.
PASSED and APPROVED by the City Council of the City of Laurel this 26th day of
August 2025.
R25-73 Approve Levying Mills
APPROVED by the Mayor this 26" day of August 2025.
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%yF „ .•'1Q�.�` Dave Waggoner, May r
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ATTEST:
el tre r erk-Treasurer
APPROVED AS TO FORM:
Michele L. Braukmann, Civil City Attorney
R25-73 Approve Levying Mills