HomeMy WebLinkAboutSubsitutue 46-16 Levying taxes and fixing the rate of Property Taxation for the fiscal year ending December 31, 2017120ON COUNTY -CITY BUILDING
227 W. JEFFERSON BLVD.
SOUTH BEND, INDIANA 46601 -1830
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CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR
PHONE 574/ 235 -7678
FAX 574/ 235 -9928
DEPARTMENT OF ADMINISTRATION AND FINANCE
September 21, 2016
Mr. Tim Scott
President, South Bend Common Council
4th Floor County -City Building
227 W. Jefferson Blvd.
South Bend, IN 46601
Filed in Clerk's Office
SEP 2 12016
KAREEMAH FOWLER
CITY CLERK, SOUTH BEND, IN
Re: Ordinance Levying taxes and fixing the rate of Property Taxation to meet City Expenses
for the fiscal year ending December 31, 2017 — Substitute Bill No. 46 -16
Dear Council President Scott:
Attached herewith please find a substitute 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, 2017 and ending December 31, 2017. This tax rate will apply for
property tax assessments in fiscal 2016 with taxes payable in fiscal 2017.
Similar to prior years, this bill has been filed with estimated property tax rates. 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 2016 /pay 2017 net assessed valuation of property in South
Bend.
This substitute bill was submitted for 111 reading filing with the Common Council for the council
meeting on August 22, 2016, 2nd reading and public hearing at the council meeting on
September 26, 2016, with 3 d reading and council vote at the council meeting on October 10,
2016.
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.
Respectfully submitted,
l�.
Joh H. Murphy
City Controller
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Substitute
ORDINANCE N0.
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. 2017
STATEMENT OF PURPOSE AND INTENT
It is necessary to pass this Ordinance in orderto levy taxes and fix the rate of taxation for the purpose
of raising revenue to meet the necessary expenses for 2017.
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 2016 to be collected in the year 2017
the following:
For CORPORATION GENERAL FUND, the sum of $3.8210 on each one hundred dollars of
Taxable Property.
For PARK AND RECREATION FUND, the sum of $.8306 on each one hundred dollars of Taxable
Property.
For CUMULATIVE CAPITAL DEVELOPMENT FUND, the sum of $.0498 on each one hundred
dollars of Taxable Property.
Total Civil City Rate $4.7014
For REDEVELOPMENT BOND (COLLEGE FOOTBALL HALL OF FAME). the sum of S.0886 on
each one hundred dollars of Taxable Property.
Total Redevelopment Rate $.0886
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.
Member of the Common Council
Attest:
City Clerk
PUBLIC HEARING
3 rd READING
NOT APPROVED
REFERRED
PASSED
Substitute
Presented by me to the Mayor of the City of South Bend, Indiana on the day
of , 2 , at o'clock . m.
Deputy City Clerk
Approved and signed by me on the day of
o'clock .m.
2 , at
Mayor, City of South Bend, Indiana
Filed in Clerk's Office
EP 221 2016
KAREEMAH FOWLER
CITY CLERK, SOUTH BEND, IN