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TAX LEVY AND REVENUE APPROPRIATING ORDINANCE #2 AN ORDINANCE MAKING TAX LEVY AND REVENUE ASSUMPTIONS FOR THE FISCAL YEAR JULY 1, 2025, THROUGH JUNE 30, 2026
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WHEREAS; The Mayor of the City of New Haven has made estimates of the amount of money necessary to appropriate for the expenses of the City during the next fiscal year, beginning July 1, 2025 through June 30, 2026, and has classified such expenses under appropriate heads and Departments, as more fully appears in "Appropriating Ordinance #1", An Ordinance Making Appropriations for Operating Departments of the City of New Haven for the Fiscal Year July 1, 2025 through June 30, 2026, and,
WHEREAS; said Appropriating Ordinance #1, after publication and due hearing and consideration thereof pursuant to the provisions of the Charter of the City, has been enacted by the New Haven Board of Alders; and,
WHEREAS; the overall Net Taxable Grand List of October 1, 2023, is estimated at $9,079,906,103 of property in Wards 1-30, inclusive as submitted by the Assessor; and,
WHEREAS; by utilizing such authorization for real estate and personal property, with such authorization, the Net Taxable Grand List of October 1, 2023, to be utilized is estimated at $9,079,906,103 of property in Wards 1-30, inclusive, and it is estimated that 97.80% will be collected on real estate, 96.61% on personal property and 84.09% on motor vehicles.
NOW, THEREFORE, BE IT ORDAINED BY THE NEW HAVEN BOARD OF ALDERS THAT:
The taxes for said next fiscal year shall be based upon the rate of taxation recommended to this Board by the Mayor, of which for real estate, personal property and motor vehicle shall be at a rate of 39.40 mills for Real Estate and Personal property and 32.46 mills for motor vehicle, upon the ratable estimates within the limits of the City of New Haven to meet said expenses as enumerated in appropriating ordinance #1.
I. Said taxes shall become due on July 1, 2025, and shall be payable in two semi-annual installments fro...
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