Posts Tagged ‘mill rate’
City Council to Finalize FY ‘19 Budgets, Distribute Community Benefit Share Funds
Following a work session regarding NSEDC’s mid-year community benefit share, the Council could then approve the FY 2019 City budgets. The City is expected to raise the mill rate to 11 mills, fully fund Nome Public Schools’ request of $3,078,762, and increase the Chamber of Commerce’s contract to $175,000.
Read MoreCity Council Elects to Not Vacate Right-Of-Way, Moves Fiscal Year 2019 Budgets Forward
Before concluding Tuesday night’s meeting, the Council approved a resolution to increase the mill rate from ten to 11 for this calendar year (2018) and authorized the lease of municipal property to the Federal Aviation Administration for an eight-year period. One ordinance that didn’t pass would have vacated the right-of-way in block 96 of Tobuk Alley.
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