City Adm.re Two

Roll System ~-
Assess. Dept,

. Administrator's 8 report,

‘the Limitation. —1 The city. Administrator further advised that ftar a: two. roll

Apel L6th, 4973.

‘Prior. to the question being called « on the foregoing. Fesolution, a. dis

cussion. ensued and Aldernan Traboulay, requested the t voting. thereon be posts

“.‘poned until the next - item. in the. City Administrator:' — report, proposing the.

establishment: of-a two-roll . System for the Assessment Department, is clarified.

Moved by Alderman Laking:

Seconded by Alderman Meyer:
That as requasted by Alderman Trinulny, contderation of the forcing
proposed resolution be tabled Pending clacifiation of the proposed: ‘two-roll |
Systen for the Assessment. Department as set forth in Item 4 of- the CLby
Gareied..
From the City Adninistrator, April ‘Asth, 1973 regarding a revision of.
Assessnent procedure by tnplenenting a “two roll system, advising that ‘legit

lative Limitations on assessment increases have produced a : situation where

it has been’ impossible in the last few ‘years to » Keep real Property a assess- eeoe

ments up to their proper relationship with market values, and pointing « out.
that the two roll system provides an assessment roll for school purposes

with a separate assegsment roll for general purposes and | as ‘the. latter is
not subject to the assessment Limitations, assessed. values at 100% of market

can be maintained thereby insuring equity anongst the var ious classes of

Property. The City Aduinistrator, in his report, advised that an spite of

some + disadvantages ¢ to a two roll system, the pressure of mill rate - Limita- _

tions has been giving the Finance Comittee a cons tderable amount, of ‘concern,
and although the 1973 Budget « can be completed within the legal m mill rate Lin-
it of 50 mills, he did not want ‘to take a “chance fora future year in in having

Council faced with the problem that the Budget cannot be carried out : within

the legal mill rate Limies.

“Moved by. Alderman Meyer :

Seconded by Alderman mn Traboulay

That the present systen of assosonont be ‘retained. ( (Later withdraw).

‘Prior to the question being cal led on ‘the foregoing resolution, a dis- -
cussion ensued, and Alderman Meyer commented nd that th the objective of having . :
dual roll ‘is to increase the value of F residential property and consequently
raise a higher amount of taxes at a given mill rate; “howe ever, the city,

Assessor stated that taxes would be less. on ‘vesidential | properties. The

City Administrator advised” that the 10z Limitation c on “asdessment has ‘been in :

effect for the > past ‘four years and by legislation is supposed t ta. ‘be keeping :

assessments at 50% of E market, which rate ts Anpossible to maintain under ro