Loading...
HomeMy WebLinkAbout2015 Tax LevyORDINANCE No. 10322 -14 Passed by the Common Council of the City of South Bend, Indiana Attest: Attest: Presented by me October 13, 20 14 Clerk President of Common Council the Mayor of the City of South Bend, Indiana October 14, 20 14 -� ►� �!WWK • HIS • MP Approved and signed by me rte, (l i 20 t 9 c� %� M r Substitute Bill ORDINANCENO. 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, 2015 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 2015. 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 2014 to be collected in the year 2015 the following: For CORPORATION GENERAL FUND, the sum of $4.2566 on each one hundred dollars of Taxable Property. For PARK AND RECREATION FUND, the sum of $.9823 on each one hundred dollars of Taxable Property. For CUMULATIVE CAPITAL DEVELOPMENT FUND, the sum of $.0655 on each one hundred dollars of Taxable Property. Total Civil City Rate $5.3044 For REDEVELOPMENT BOND (COLLEGE FOOTBALL HALL OF FAME), the sum of $1048 on each one hundred dollars of Taxable Property. Total Redevelopment Rate $.1048 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. 4"244�j Member of the Common Council Attest: City Clerk Substitute Bill Presen ed by me to the Mayor of the City of South Bend, Indiana on the / YA day of © C 1-O , 2-0-((f-, at i f zo o'clock 0--. M. Dept City Clerk 3 Approved and signed by me on the 4—/ day of � / , 2 I , at o'clock 4en. t S�LADING zZ LI 4 O,ULIC HEARING cl- 3,rd READING LO— t3 -6 cks Mayor, Gity South diana & APPROVm °^ Li?E RRED y- PASSED 1-3— Filed in 's Iffice Ei a 21114 JOHN VOORDE CITY CLERK, SOUTH BEND, IN 1200N CouNTr -Crrr Burtomc 227 W. JEFFERSON BLVD. SOUTH BEND, INDIANA 46601 -1830 CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR PHONE 574 /235 -9216 FAx 574/235 -9928 DEPARTMENT OF ADMINISTRATION AND FINANCE September 22, 2014 Mr. Oliver Davis President, South Bend Common Council 4 " 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, 2015 — Substitute Bill No. 43 -14 Dear Council President Davis: Attached herewith please find a substitute 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, 2015 and ending December 31, 2015. This tax rate will apply for property tax assessments in fiscal 2014 with taxes payable in fiscal 2015. This original bill was submitted for 1st read filing with the Common Council for the council meeting on August 25, 2014, 2°" reading and public hearing at the council meeting on September 22, 2014, with 3`d reading and council vote at the council meeting on October 13, 2014. Similar to prior years, this substitute 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, 2015. The actual property tax rates will depend on the 2014 /pay 2015 net assessed valuation of property in South Bend and this information is not yet available from the St. Joseph County Auditor. The actual property tax rates are likely to be lower than the estimates provided in this substitute bill. 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. Respectively submitted, °d'. Jo H. Murphy City Controller cc: Mayor Pete Buttigieg Mark Neal, Deputy Mayor Kathryn Roos, Chief of Staff Cristol Brisco, Corporation Counsel Brian Pawlowski, Deputy Chief of Staff Jennifer Hockenhull, Deputy City Controller Filed iPce JOFitd - CITY CLERIC, : <O;; ; i �ENI), IN 0