HomeMy WebLinkAbout38-18 Levying taxes and fixing the rate of Property Taxation to meet City Expenses for the Fiscal year ending December 31, 2019 .pUTFf R
Filed in Clerks Office
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KAREEMAH ')WLER
CITY OF SOUTH BEND PETE BUTTIGIEG, MA CUTY CLERK,SOU.T BEND,IN
DEPARTMENT OF ADMINISTRATION AND FINANCE _ r
August 21, 2018
Mr. Tim Scott
President, South Bend Common Council
4th 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, 2019
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, 2019 and ending December 31, 2019. This tax rate will apply for
property tax assessments in fiscal 2018 with taxes payable in fiscal 2019.
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 2019. The actual
property tax rates will depend on the 2018/pay 2019 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 27, 2018, 2nd reading and public hearing at the council meeting on
September 24, 2018, with 3rd reading and council vote at the council meeting on October 8,
2018.
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,
( "1"
Jennifer C. Hockenhull
City Controller
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Filed in Clerk's Office
BILL NO. 38-18 AUG 2 12018 j
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ORDINANCE NO. KAREEMAH FOWLER
CITY CLERK,SOUTH BEND, IN
AN ORDINANCE OF THE CITY OF SOUTH BEND, INDIA ,
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,
2019
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 2019.
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
2018 to be collected in the year 2019 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 II. This Ordinance shall be in full force and effect from and after its
passage by the Common Council and approval by the Mayor.
Tim Scott, Council President
South Bend Common Council
Attest:
Kareemah N. Fowler, City Clerk
Office of the City Clerk
Presented by me,the undersigned Clerk of the City of South Bend,to the Mayor of
the City of South Bend, Indiana on the day of , 2018, at
o'clock M.
Kareemah N. Fowler, City Clerk
Office of the City Clerk
Approved and signed by me on the day of , 2018, at
o'clock
.m.
Pete Buttigieg, Mayor
City of South Bend, Indiana