Vote: approved

Item Text

L-1. LIBRARY DISTRICT FY 2012 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 2012 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 2011 tax rate for the Maricopa County Library District at $0.0492 per $100 of net assessed valuation with a levy of $19,070,066. On December 13, 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 2012 budget on June 20, 2011, and pursuant to A.R.S. §48-252 presented a copy to the Maricopa County Board of Supervisors and the Maricopa County Treasurer. While the Library District Budget Guidelines called for no increase from the FY 2011 property tax levy, including taxes levied on new construction, the Library District secondary property tax levy will actually be decreasing to $19,070,066. This reduction in the Library District’s property tax levy results in a flat tax bill of $ 6.13 on the median-valued home (valued for secondary property tax purposes at $124,500 for Tax Year 2011 compared with $148,800 for Tax Year 2010). (C-49-12-002-M-00)