Vote: approved

Item Text

L-1. LIBRARY DISTRICT FY 2011 SECONDARY PROPERTY TAX LEVY Pursuant to A.R.S. §48-3903, the Maricopa County Library District Board of Directors resolves that, based on the FY 2011 budget it has adopted for the Maricopa County Library District, it fixes and determines the amount to be raised from secondary property taxation and the Tax Year 2010 tax rate for Maricopa County Library District at $0.0412 per $100 of net assessed valuation with a levy of $20,479,676. On January 11, 2010 the Maricopa County Library District Board of Directors approved the policy guidelines that the Library District used to prepare and submit its budget. The Board of Directors adopted the FY 2011 Budget on June 21, 2010, and pursuant to A.R.S. §48-252 presented a copy to the Maricopa County Board of Supervisors and the Maricopa County Treasurer. Library District Budget Guidelines called for a property tax levy of $20.4 million, which allowed for no increase from FY 2010, even from new property added to the tax rolls. The Library District secondary property tax levy results in a tax bill savings of $.65 or 9.5% on the median home (valued for secondary property tax purposes at $148,800 for Tax Year 2010 compared with $192,000 for Tax Year 2009). (C-49-10-077-2-00)