HomeMy WebLinkAbout42-20 Ordinance Levying Taxes and Fixing the rate of Property Taxation to Meet City Expenses for the Fiscal Year Ending December 31, 2021a
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SOUTH BEND, INDIANA 46601-1830
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CITY OF SOUTH BEND, IN JAMES MUELLER, MAYOR
DEPARTMENT OF ADMINISTRATION AND FINANCE
September 2, 2020
Ms. Karen White
President, South Bend Common Council
4th Floor, County -City Building
227 W. Jefferson Blvd.
South Bend, IN 46601
Filed in Cle k's Office
SER u a 2020
Re: Ordinance levying taxes and fixing the rate of property taxation to meet City expenses for the fiscal
year ending December 31, 2021
Dear Council President White:
Attached, 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, 2021 and ending December 31, 2021.
This tax rate will apply for property tax assessments in fiscal 2020 with taxes payable in fiscal 2021.
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 by
February 2021. The actual property tax rates will depend on the 2020/pay 2021 net assessed valuation of property
in South Bend.
This bill is respectfully submitted for I -t reading filing with the Common Council for the council meeting on
September 14, 2020, 2^^ reading and public hearing at the council meeting on September 28, 2020, with 3b reading
and council vote at the council meeting on October 12, 2020.
I 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,
Daniel T. Parker
City Controller
0
BILL NO. 42-20
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, 2021
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 2021.
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 2020 to be collected in the year
2021 the following:
For CORPORATION GENERAL FUND, the sum of $3.6406 on each one hundred dollars of
Taxable Property.
For PARK AND RECREATION FUND, the sum of $0.8566 on each one hundred dollars of
Taxable Property.
For CUMULATIVE CAPITAL DEVELOPMENT FUND, the sum of $0.0375 on each one
hundred dollars of Taxable Property.
For PARK BOND DEBT SERVICE FUND, the sum of $0.0802 on each one hundred dollars of
Taxable Property.
Total Civil City Rate $4.6149
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.
Karen L. White, Council President
South Bend Common Council
Attest:
Dawn M. Jones, 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 2020, at
o'clock . M.
Dawn M. Jones, City Clerk
Office of the City Clerk
Approved and signed by me on the day of 2020, at
o'clock
m.
James Mueller, Mayor
City of South Bend, Indiana