HomeMy WebLinkAbout10551-17 Appropriating the TRANSPO Budget for the Fiscal Year ending December 31, 2018 ORDINA.NCR No . 10551-17
Passed by the Common Council of the City of South Bend, Indiana
October 9, 20 17
Attest: Citi Clerk
Attest: President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
October 10, 20 17
' lerk
l
Approved and signed by me I 20
Mayer
Bill No. 54-17
ORDINANCE NO. 105 r
AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND,
INDIANA,APPROPRIATING,ADOPTING AND APPROVING THE SOUTH BEND
PUBLIC TRANSPORTATION CORPORATION'S 2018 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, 2018
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 apolitical 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, 2018 in the sum of$13,505,827.00, as shown on Budget Form 4-A, filed with the
Common Council on August 22, 2017, 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$4,481,065.00 and a total
tax rate of 0.1422 as shown on Budget Form 4-B 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 approved by the Mayor.
Member, Sout en Common Council
Attest:
City erk