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ORDINANCE NO. l b Z3 ~ ~~ <br />AN ORDINANCE LEVYING TAXES AND FIXING THE RATE <br />OF TAXATION FOR THE PURPOSE OF RAISING REVENUE <br />TO MEET THE NECESSARY EXPENSES OF THE CIVIL CITY <br />OF SOUTH BEND FOR THE FISCAL YEAR ENDING <br />DECEMBER 31, 2006 <br />STATEMENT OF PURPOSE AND INTENT: <br />It is necessary to pass this Ordinance in order to levy taxes and fix the rate of taxation for the <br />purpose of raising revenue to meet the necessary expenses for 2006. <br />NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY <br />OF SOUTH BEND, INDIANA as follows: <br />Section I. There shall be levied upon each One Hundred Dollars of Assessed Valuation of <br />Taxable Property of the City of South Bend, Indiana, for the fiscal year 2005 to be collected in the <br />year 2006 the following: <br />For CORPORATION GENERAL FUND, the sum of $2.3977 on each one hundred dollars of <br />Taxable Property. <br />For PARK AND RECREATION FUND, the sum of $0.4323 on each one hundred dollars of <br />Taxable Property. <br />For FIREFIGHTERS= PENSION FUND, the sum of $0.0928 on each one hundred dollars of <br />Taxable Property. <br />For POLICEMEN'S PENSION FUND, the sum of $0.0853 on each one hundred dollars of <br />Taxable Property. <br />For CUMULATIVE CAPITAL DEVELOPMENT FUND, the sum of $0.0604 on each one <br />hundred dollars of Taxable Property. <br />Total Civil City Rate $3.0685 <br />