Chapter 3.25
APPROPRIATION AND LEVY

Sections:

3.25.010    Ordinance enactment.

3.25.020    Tax levy form.

3.25.025    Maximum allowable tax revenues.

3.25.030    Acceptance and appropriation of grant funds.

*    For statutory provisions authorizing the assembly to establish the manner for preparation and submission of budgets and capital programs, see AS 29.35.100; for provisions governing the expenditure of borough revenues, see AS 29.35.110.

3.25.010 Ordinance enactment.

The assembly shall enact an appropriation and tax levy ordinance appropriating funds for the expenses and liabilities of the borough each year and levying a tax to defray all expenses and liabilities of the borough for the purposes as specified against all taxable property in the borough each year. [Ord. 04-02 §3, 2004; Ord. 98-03 §2, 1998; Ord. 68-17-O, 1968; prior code Ch. 3 subch. 3 §1. Formerly §3.12.010].

3.25.020 Tax levy form.

A tax for the above sums of money, or as much thereof as may be authorized by law, to defray all expenses and liabilities of the borough be and the same is hereby levied for the purposes as specified against all taxable property in the borough for the fiscal year commencing on the first day of July, (year), and ending on the thirtieth day of June, (year). [Ord. 98-03 §2, 1998; Ord. 68-17-O, 1968; prior code Ch. 3 subch. 3 §2. Formerly §3.12.020].

3.25.025 Maximum allowable tax revenues.

The maximum allowable tax revenues levied upon real and personal property within the boundaries of the borough is 9.25 mils. (Ordinance No. 97-10, Fiscal Year 1998 Budget).

A. The assembly is empowered to enact such ordinances as necessary to establish maximum allowable tax revenues levied upon real and personal property within the boundaries of the borough as were levied for the preceding year.

B. Exceptions: The amount of tax revenues levied or imposed can be increased for the following:

1. To adjust for inflation;

2. To take into account new buildings and land coming onto the tax roll;

3. To make new payments on bonds;

4. To pay for new legal judgments entered against the borough; or

5. To pay for expenses in emergencies.

C. The effect of this initiative ordinance may not be modified or negated within two years after its effective date. [Added by initiative petition Ord. 97-1-I §§2, 3, 4, 1998, passed by voters 10/07/97. Formerly §3.12.025].

3.25.030 Acceptance and appropriation of grant funds.

A. The assembly is authorized to accept grants from the federal government, state government, or other source. All such grants shall become part of a specific fund or group of accounts if readily identifiable to such specific fund or group of accounts. All other such funds shall be deemed initially part of the general fund or unappropriated fund balance of the borough.

B. Authorization for expenditure of grant funds which are limited by the grantor to a specific use or category of use may be authorized by resolution of the assembly. Prior to action on the resolution, interested persons may be afforded an opportunity to testify.

C. Grant funds which are unlimited as to use, or subject only to general limitations, shall be appropriated by ordinance, which shall include an appropriate budget amendment. [Ord. 81-61-O, 1981. Formerly §3.12.030].