50-17 Budget- Levying Taxes and Fixing the Taxation Rate for 2018

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04SpU cN,q'1 U MACE +� W x 1865 CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR DEPARTMENT OF ADMINISTRATION AND FINANCE August 20, 2017 Filed in Clerk's Office Mr. Tim Scott AUG 21 2017 President, South Bend Common Council 411 Floor County-City Building KAREEMAH FOWLER 227 W. Jefferson Blvd. CITY CLERK,SOUTH SEND, IN South Bend, IN 46601 Re: Ordinance Levying taxes and fixing the rate of Property Taxation to meet City Expenses for the fiscal year ending December 31, 2018 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, 2018 and ending December 31, 2018. This tax rate will apply for property tax assessments in fiscal 2017 with taxes payable in fiscal 2018. Similar to prior years, this bill has been filed with estimated property tax rates. 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 2017/pay 2018 net assessed valuation of property in South Bend. This bill is respectfully submitted for 1St reading filing with the Common Council for the council meeting on August 28, 2017, 2nd reading and public hearing at the council meeting on September 25, 2017, with 3rd reading and council vote at the council meeting on October 9, 2017. 1 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, Jennifer C. Hockenhull City Controller