The Ketchikan City Council on Thursday at its regular meeting is set to decide whether to approve an increase of the cityâs property mill rate from 6.6 mills to 6.7 mills in addition to considering approval of an emergency ordinance extension and an amended emergency ordinance.
Raising the mill rate by 0.1 mill, according to a memo written by City Manager Karl Amylon, would generate an additional $86,888 in property tax revenue. That increased revenue, however, would still fall short by $19,472 of the $5.84 million that was projected to be collected when the 2021 general operating and capital budget was adopted.
The council has two proposed motions to choose between, one that would adopt a resolution that maintains the mill rate at 6.6 mills and one that increases the rate to 6.7 mills.