08-24-15 Agenda, Packet & Committee Meeting Notice

Home Browse Search

120ON CouNTr -Ciro BuLDiNG 227 W JEFFERSON BLVD. Souni BEND, INDIANA 46601 -1830 CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR PHoNE 574/ 235-9216 FAX 574/235 -9928 DEPARTMENT OF ADMINISTRATION AND FINANCE August 19, 2015 Mr. Tim Scott President, South Bend Common Council 4`h Floor County -City Building 227 W. Jefferson Blvd. 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, 2016 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, 2016 and ending December 31, 2016. This tax rate will apply for property tax assessments in fiscal 2015 with taxes payable in fiscal 2016. Similar to prior years, this bill has been filed with the estimated property tax rates left blank. 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, 2016. The actual property tax rates will depend on the 2015 /pay 2016 net assessed valuation of property in South Bend. This bill is submitted for 1"read filing with the Common Council for the council meeting on August 24, 2015, 2nd reading and public hearing at the council meeting on September 28, 2015, with 3rd reading and council vote at the council meeting on October 12, 2015. I 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. Respectively submitted, �� J H. Murphy hy City Controller Filed in :leek's Office AUU.19 2015 CITY CLERK, ."sOUi H SEND, IN