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' NOTICE TO TAXPAYERS OF BUDGET ESTIMATES AND TAX LEVIES
<br />Notice is hereby given the taxpayers of the City of South Bend, Indiana, that the City of South Bend Common
<br />Council will conduct a public hearing on the 2004 Budget for the City of South Bend. The Public Hearing will be
<br />held on Monday, September 8, 2003 at 7:00 P.M. in the Council Chambers, 4th Floor, County-City Building, 227
<br />West Jefferson Blvd., South Bend, Indiana 46601.
<br />Following this meeting, any ten or more taxpayers may object to a Budget, Tax Rate, or Tax Levy by filing an
<br />objection petition with the proper officers of the political subdivision within seven days after the hearing. The
<br />objection petition must identify the provisions of the Budget, Tax Rate, or Tax Levy that the taxpayers object to. If a
<br />petition is filed, the political subdivision shall adopt with its budget a finding concerning the objections filed and
<br />testimony presented.
<br />Following the aforementioned meeting, the Ci~of South Bend Common Council will meet on Monday, September
<br />22, 2003 at 7:00 P.M. in the Council Chamfers, 4th~F.l~oor, County-City Building, 227 West Jefferson Blvd., South
<br />Bend, Indiana 46601 to adopt the fol~owing 2003 Budget for the City of South Bend.
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<br />~°~---~- BUDGET ESTIMATE
<br />Complete details of the. budget estimates by fund and/or department maybe seen at the City Controller's Office, 14th
<br />Floor, County-City Building, between the hours of 8:00 A.M. and 5:00 P.M., Monday through Friday.
<br />NET ASSESSED VALUATION - $1,559,089,600 (estimated)
<br />
<br />FUND
<br />BUDGET MAXIMUM
<br />ESTIMATED
<br />CURRENT
<br /> ESTIMATE FUNDS TO TAX
<br /> BE RAISED LEVY
<br />General Fund $58,866,853 $47,669,437 $44,094,484
<br />Parks & Recreation Fund 11,217,121 8,464,571 7,347,210
<br />Fire Pension Fund 5,097,355 2,690,150 1,368,101
<br />Police Pension Fund 5,529,986 2,907,922 1,227,783
<br />Cumulative Capital Develop. Fund 468,532 1,203,664 974,431
<br />Studebaker Bond Fund 861,375 836,401 _ 606,096
<br />Hall of Fame Bond Fund 1,707,400 1,616,932 1,301,840
<br />Cumulative Capital Imprv. Fund 890,270 0 0
<br />Motor Vehicle Highway Fund 4,136,836 0 0
<br />E.D.I.T. Fund 3,863,804 0 0
<br />TOTAL CITY FUNDS $92,639,532 $65,389,077 $56,919,945
<br />MINUS EXEMPT LEVIES
<br />CONTROLLED LEVIES
<br />3,656,997
<br />$61,732,080
<br />The 2004 estimated maximum levy limitation for this unit is $57,134,000 (Compared to Controlled Levies above.)
<br />Taxpayers appearing at the hearing shall have an opportunity to be heard. After the tax levies have been determined,
<br />fixed by the appropriate governing body, and the tax rates published by the County Auditor, ten or more taxpayers
<br />objecting to the levies may appeal to the State Board of Tax Commissioners by filing a petition with the County
<br />Auditor. The petition must be filed on or before the tenth day after publication of the tax rates charged. Upon
<br />certification of the objecting petition by the County Auditor, the State Board of Tax Commissioners will fix a date
<br />for hearing in this county.
<br />August 18, 2003
<br />Thomas Skarbek
<br />Director of Budgeting & Financial Reporting
<br />Publish 2 Times: 8/29/03 & 9/5/03
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