HomeMy WebLinkAboutAdopting and approving the South Bend Public Transportation Corporation's 2017 BudgetORDINANCE No. +oa
Passed by the Common Council of the City of South Bend, Indiana
October 10 20 16
Attest:
Attest:
Presented by me to the Mayor of the City of South Bend, Indiana
Approved and signed by me
October 11 Z0 16
OcivLer It# `
20 l
City Clerk
President of Common Council
City Clerk
Mayor
ORDINANCE NO. 604-(00 -1(0
AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND,
INDIANA, APPROPRIATING, ADOPTING AND APPROVING THE SOUTH BEND
PUBLIC TRANSPORTATION CORPORATION'S 2017 BUDGET AND LEVYING THE
TAX AND FIXING THE RATE OF THE TAXATION FOR THE PURPOSE OF
RAISING REVENUE TO FUND THE SOUTH BEND PUBLIC TRANSPORTATION
CORPORATION, SOUTH BEND, INDIANA, FOR THE FISCAL YEAR ENDING
DECEMBER 31, 2017
Pursuant to Indiana law, the South Bend Public Transportation Corporation is required to submit
its proposed budget and tax levy to the Common Council of the City of South Bend for adoption.
Specifically, Indiana Code § 6- 1.1 -17 -20 requires that the South Bend Public Transportation
Corporation, as a political subdivision governed by a majority of unelected officials, submit its
proposed budget and property tax levy to the Common Council of the City of South Bend.
Pursuant to Indiana Code § 6- 1.1- 17- 20(e), the Common Council of the City of South Bend is
required to review the South Bend Public Transportation Corporation's budget and proposed tax
levy and adopt a final budget and tax levy for the South Bend Public Transportation Corporation.
NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY
OF SOUTH BEND, INDIANA, as follows:
SECTION 1. The South Bend Public Transportation Corporation's budget for the year ending
December 31, 2017 in the sum of $13,407,761.00, as shown on Budget Form 4 -A, is
appropriated, adopted, approved and ordered set apart out of the several funds herein named and
for the purposes herein specified, subject to the laws governing the same. Such sums herein
appropriated shall be held to include all expenditures authorized to be made during the year,
unless otherwise expressly stipulated and provided for by law. In addition, for the purpose of
raising revenue to meet the necessary expenses of the South Bend Public Transportation
Corporation, a total property tax levy of $4,308,716.00 and a total tax rate of 0.1359 as shown on
Budget Form 4 -13 are also appropriated, approved and adopted.
SECTION 2. This Ordinance shall be in full force and effect from and after its passage by the
Common Council of the City of South Bend and approval by the Mayor.
Member, Sou Ben -C--o on Council
Attest:
City erk
Presented by me to the Mayor of the City of South Bend, Indiana on the A N`day of
60�� , 2016, at ( ( o'clock a: m
Approved and signed by me on the Yn day of Oe.4k e•r , 2016,
at .r o'clock, V .m
1 it READING (249 - 2.)1(0
PUBLIC HEARING g122�# 11 iD
3 rd READING W1 10 1 L U
NOT APPROVED
REFERRED E)112-2,i 1
PASSED i0'tfl' I
Ma ,City of outh Bend, Indiana
Fled in Clerk's Office
UUG71� 7 2016
KAREEMAH FOWLER
CITY CLERK, SOUTH BEND, IN