HomeMy WebLinkAboutFixing Rate Taxation Fiscal Year Dec 31, 1997 ORDINANCE No. 8721-96
Passed by the Common Council of the City of South Bend,Indiana
September 30, 19 96
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Attest: 4W07 GA../ City Clerk
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Attest: Z" ` President of Common Council
Presented by me to the Mayor of the City of South Bend,Indiana
October 1, 19 96
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City Clerk
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Approved and signed by me ed-4„2,, , 19
ate! Mayor
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ORDINANCE NO. Y,7(0- ;4
AN ORDINANCE 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, 1997
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 1997 .
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 1996 to be collected in
the year 1997 the following:
For CORPORATION GENERAL FUND, the sum of 6 . 950 dollars on
each one hundred dollars of Taxable Property.
For PARK MAINTENANCE FUND, the sum of 1 . 188 dollars on each
one hundred dollars of Taxable Property.
For FIREMEN' S PENSION FUND, the sum of .2191 dollars on each
one hundred dollars of Taxable Property.
For POLICEMEN' S PENSION FUND, the sum of .2181 dollars on
each one hundred dollars of Taxable Property.
For CUMULATIVE CAPITAL DEVELOPMENT FUND, the sum of . 1739
dollars on each one hundred dollars of Taxable Property.
For REDEVELOPMENT DISTRICT BOND FUND (STADIUM) , the sum of
.2080 dollars on each one hundred dollars of Taxable Property.
For REDEVELOPMENT BOND (STUDEBAKER) , the sum of . 0952
dollars on each one hundred dollars of Taxable Property.
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 C ncil
COMMITTEE REPORT
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee
to whom was referred
BILL NO.
77-96 A BILL LEVYING TAXES ANDFIXING 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, 1997
Respectfully report that they have examined the matter and that in their opinion,this bill
has been recommend to the Council favorably.
Cleo Washington
Chairman
'SOUTH 8.
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x City of South Bend
Joseph E. Kernan. Mayor
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Department of Administration and Finance
Kevin C. Horton
September 4, 1996
Mr. Roland Kelly
President, South Bend Common Council
Dear Mr. Kelly,
Attached in the ordinance fixing the tax rate for the 1997 levy. As you know,these rates
are inflated to protect our ability to levy the maximum amounts allowed by State Statue.
I will provide the council information on the assessed value and an estimate on where
we think the actual rates will be for 1997 during the committee meetings.
We will also be advertising our estimated civil city 1997 Budgets & Tax Levy's. These
amounts will be inflated for the reason mentioned above.
I look forward to the review process this year!
If you have any questions, please call me at 235-9124.
Sincerely,
Jeffery A. Rinard, CPA
Deputy City Controller
Filed in Cis.: '4 -° 1• ice
F.P X996
LORE-M.4. DUDA
CITY CLERK,SO.BENDS IN.
County-City Building • South Bend, Indiana 46601 • 219/235-9216 Fax 219/235-9928
Catherine A.Hubbard Jeffrey A.Rinard Isabel Gonzalez Ronalda Minnis Gatha Vaughn
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