Bill No. 46-16 Levying Taxes and Fixing the Taxation Rate for 2017

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120ON COUNTY -CITY BUILDING 227 W. JEFFERSON BLVD. SOUTH BEND, INDIANA 46601 -1830 CITY OF SOUTH BEND PETE BUTTIGIEG, MA DEPARTMENT OF ADMINISTRATION A August 17, 2016 Mr. Tim Scott President, South Bend Common Council 4th Floor County -City Building 227 W. Jefferson Blvd. South Bend, IN 46601 PHONE 574/ 235 -7678 FAX 574/ 235 -9928 Re: Ordinance Levying taxes and fixing the rate of Property Taxation to meet City Expenses for the fiscal year ending December 31, 2017 Dear Council President Scott: Attached herewith please find a bill for consideration by the Common Council of the City of South Bend fixing the property tax rate for the City of South Bend for the fiscal year commencing January 1, 2017 and ending December 31, 2017. This tax rate will apply for property tax assessments in fiscal 2016 with taxes payable in fiscal 2017. Similar to prior years, this bill has been filed with the property tax rates not stated. The final property tax rates for each municipality in the State of Indiana are determined by the Department of Local Government Finance (DLGF) as part of the "1782" budget review process which, according to the state budget calendar, must be completed in February, 2017. The actual property tax rates will depend on the 2016 /pay 2017 net assessed valuation of property in South Bend. This bill is respectively submitted for 1 st reading with the Common Council for the council meeting scheduled for August 22, 2016, 2nd reading and public hearing at the council meeting on September 26, 2016, with 31d reading and council vote at the council meeting on October 10, 2016. I will be available to discuss this bill at the appropriate sessions of the Personnel and Finance Committee and other meetings of the South Bend Common Council. Respectfully submitted, J H. Mur City Controller Excellence I Accountability I Innovation I Inclusion I Empowerment ��"