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10-12-2020 Agenda Packet
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10-12-2020 Agenda Packet
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BILL NO. 44-20 <br />ORDINANCE NO. <br />AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, <br />INDIANA, APPROPRIATING, ADOPTING AND APPROVING THE SOUTH BEND <br />PUBLIC TRANSPORTATION CORPORATION'S 2021 BUDGET AND LEVYING THE <br />TAX AND FIXING THE RATE OF THE TAXATION FOR THE PURPOSE OF <br />RAISING REVENUE TO FUND THE SOUTH BEND PUBLIC TRANSPORTATION <br />CORPORATION, SOUTH BEND, INDIANA, FOR THE FISCAL YEAR ENDING <br />DECEMBER 31, 2021 <br />STATEMENT OF PURPOSE AND INTENT <br />Pursuant to Indiana law, the South Bend Public Transportation Corporation is required to submit <br />its proposed budget and tax levy to the Common Council of the City of South Bend for adoption. <br />Specifically, Indiana Code § 6-1.1-17-20 requires that the South Bend Public Transportation <br />Corporation, as a political subdivision governed by a majority of unelected officials, submit its <br />proposed budget and property tax levy to the Common Council of the City of South Bend. <br />Pursuant to Indiana Code § 6-1.1-17-20(e), the Common Council of the City of South Bend is <br />required to review the South Bend Public Transportation Corporation's budget and proposed tax <br />levy and adopt a final budget and tax levy for the South Bend Public Transportation Corporation. <br />NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF <br />SOUTH BEND, INDIANA, as follows: <br />SECTION 1. The South Bend Public Transportation Corporation's budget for the year ending <br />December 31, 2021 in the sum of $13,995,538.00, as shown on Budget Form 4-A, filed with the <br />Common Council on August 25, 2020, is appropriated, adopted, approved and ordered set apart <br />out of the several funds herein named and for the purposes herein specified, subject to the laws <br />governing the same. Such sums herein appropriated shall be held to include all expenditures <br />authorized to be made during the year, unless otherwise expressly stipulated and provided for by <br />law. In addition, for the purpose of raising revenue to meet the necessary expenses of the South <br />Bend Public Transportation Corporation, a total property tax levy of $4,997,006.00 and a total <br />tax rate of 0.1215 as shown on Budget Form 4-13 are also appropriated, approved and adopted. <br />SECTION 2. This Ordinance shall be in full force and effect from and after its passage by the <br />Common Council of the City of South Bend and approved by the Mayor.
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