HomeMy WebLinkAbout50-17 Budget- Levying Taxes and Fixing the Taxation Rate for 2018 04SpU cN,q'1
U
MACE +�
W
x
1865
CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR
DEPARTMENT OF ADMINISTRATION AND FINANCE
August 20, 2017 Filed in Clerk's Office
Mr. Tim Scott
AUG 21 2017
President, South Bend Common Council
411 Floor County-City Building KAREEMAH FOWLER
227 W. Jefferson Blvd. CITY CLERK,SOUTH SEND, IN
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, 2018
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, 2018 and ending December 31, 2018. This tax rate will apply for
property tax assessments in fiscal 2017 with taxes payable in fiscal 2018.
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, 2017. The actual
property tax rates will depend on the 2017/pay 2018 net assessed valuation of property in South
Bend.
This bill is respectfully submitted for 1St reading filing with the Common Council for the council
meeting on August 28, 2017, 2nd reading and public hearing at the council meeting on
September 25, 2017, with 3rd reading and council vote at the council meeting on October 9,
2017.
1 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,
Jennifer C. Hockenhull
City Controller
ORDINANCE NO.
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, 2018
STATEMENT OF PURPOSE AND INTENT
It is necessary to pass this Ordinance in order to levy taxes and fix the rate of taxation for the purpose
of raising revenue to meet the necessary expenses for 2018.
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 2017 to be collected in the year 2018
the following:
For CORPORATION GENERAL FUND, the sum of$xxxxx on each one hundred dollars of
Taxable Property.
For PARK AND RECREATION FUND, the sum of$O.xxxxon each one hundred dollars of Taxable
Property.
For CUMULATIVE CAPITAL DEVELOPMENT FUND, the sum of$O.xxxx on each one hundred
dollars of Taxable Property.
Total Civil City Rate$xxxxx
For REDEVELOPMENT BOND (COLLEGE FOOTBALL HALL OF FAME), the sum of$O.xxxx on
each one hundred dollars of Taxable Property.
Total Redevelopment Rate$O.xxxx
SECTION Il. 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:
i
City Clerk
Presented by me to the Mayor of the City of South Bend, Indiana on the day
of 2 , at o'clock_. m.
City Clerk
Approved and signed by me on the day of 2 , at
o'clock .m.
Mayor, City of South Bend, Indiana
I
i
Filed in Clerk's Office
st REAI)w°6 AUG 212011
PUBLIC HEARING
3 rd READING
NOT APPROVED KAREEMAH FOWLER
CITY CLERK,SOUTH BEND, IN
REFERRED ---•
PASSED