Substitute 50-17 Budget- Levying Taxes and Fixing the Taxation Rate for 2018

Home Browse Search

4 OUT"BF rr:Act: j 1865 CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR DEPARTMENT OF ADMINISTRATION AND FINANCE September 19, 2017 Filed in Clerk's Office Mr. Tim Scott SEP 2 0 2017 President, South Bend Common Council 4th Floor County-City Building KA�IEEMAI-i FOWLER � 227 W. Jefferson Blvd. CITY CLERK,SOUTH BEND,IN South Bend, IN 46601 Re: Substitute Bill No. 50-17-- Ordinance Levying taxes and fixing the rate of Property Taxation to meet City Expenses for the fiscal year ending December 31, 2018 Dear Council President Scott: Attached is a substitute Bill No. 50-17 fixing the property tax rate for the City of South Bend for the fiscal year commencing January 1, 2018 and ending December 31, 2018. This tax rate will apply for property tax assessments in fiscal 2017 with taxes payable in fiscal 2018. This bill was originally filed with tax rates left blank. The attached substitute bill inserts 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, 2018. The actual property tax rates will depend on the 2017/pay 2018 net assessed valuation of property in South Bend. First reading on this Bill having taken place on August 28, 2017, this substitute is being submitted for 2nd reading and public hearing at the council meeting on September 25, 2017, with 3 d reading and council vote at the council meeting on October 9, 2017. 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, ,�3 c6m4�) Jennifer C. Hockenhull City Controller