42-20 Ordinance Levying Taxes and Fixing the rate of Property Taxation to Meet City Expenses for the Fiscal Year Ending December 31, 2021

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BILL NO. 42-20 ORDINANCE NO. AN ORDINANCE OF THE CITY OF SOUTH BEND, INDIANA, LEVYING TAXES AND FIXING THE RATE OF TAXATION FOR THE PURPOSE OF RAISING REVENUE TO MEET THE NECESSARY EXPENSES OF THE CIVIL CITY OF SOUTH BEND FOR THE FISCAL YEAR ENDING DECEMBER 31, 2021 STATEMENT OF PURPOSE AND INTENT It is necessary to pass this Ordinance in order to levy taxes and fix the rate of taxation for the purpose of raising revenue to meet the necessary expenses for 2021. NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, AS FOLLOWS: SECTION I. There shall be levied upon each One Hundred Dollars of Assessed Valuation of Taxable Property of the City of South Bend, Indiana, for the fiscal year 2020 to be collected in the year 2021 the following: For CORPORATION GENERAL FUND, the sum of $3.6406 on each one hundred dollars of Taxable Property. For PARK AND RECREATION FUND, the sum of $0.8566 on each one hundred dollars of Taxable Property. For CUMULATIVE CAPITAL DEVELOPMENT FUND, the sum of $0.0375 on each one hundred dollars of Taxable Property. For PARK BOND DEBT SERVICE FUND, the sum of $0.0802 on each one hundred dollars of Taxable Property. Total Civil City Rate $4.6149 SECTION II. This Ordinance shall be in full force and effect from and after its passage by the Common Council and approval by the Mayor. Karen L. White, Council President South Bend Common Council Attest: Dawn M. Jones, City Clerk Office of the City Clerk