19606ORDINANCE NO. 19,606
AN ORDINANCE TO ESTABLISH THE RATE OF TAXATION
OF PROPERTY FOR THE CITY OF LITTLE ROCK FOR THE
YEAR 2007 FOR VARIOUS FUNDS OF THE CITY OF LITTLE
ROCK, ARKANSAS; TO DECLARE AN EMERGENCY; AND
FOR OTHER PURPOSES.
WHEREAS, state law mandates that the county quorum court adopt an
ordinance prior to the end of the year which establishes the various millage rates
for assessments on real and personal property for the coming year, and
WHEREAS, on November 4, 2003 the voters of the City of Little Rock
authorized the issuance of limited tax general obligation bonds for the purpose
of capital improvements within the City,
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF
DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS:
Section 1. The rate of taxation of real and personal property in the
City of Little Rock, Arkansas for certain City purposes are hereby fixed,
established and levied as follows:
(a) For general purposes in order to carry on the affairs of
the City Government under Section 4, Article 12 of and
Amendment 10 to the Constitution of Arkansas of 1874, there is
hereby levied a tax of five (5) mills;
(b) For the purpose of paying bonds and interest as may
be required for the bonds authorized in Little Rock, Ark.,
Ordinance No 18,941 (September 30, 2003), to repay the City of
Little Rock, Arkansas, Capital Improvement Bonds, approved at a
special election held on November 4, 2003, there is hereby levied a
tax of three and three tenths (3.3) mills;
(c) For the purpose of paying Policemen's Pensions in
accordance with provisions of Amendment No. 31 to the
Constitution of the State of Arkansas, a tax of one (1) mill;
(d) For the purpose of Paying Firemen's Pensions in
accordance with the provisions of Amendment No. 31 to the
Constitution of the State of Arkansas adopted November 5, 1940,
and Act 16 of the acts of the General Assembly of the State of
Arkansas for the year 1941, a tax of one (1) mill;
(e) For the purpose of maintaining the City Library, in
accordance with the provisions of Amendment No. 30 to the
Constitution of the State of Arkansas, a tax of two and eight tenths
(2.8) mills;
(f) For the purpose of paying bonds and interest as may
be required for the City of Little Rock, Arkansas, for Library System
Capital Improvement Bonds, a tax of one (1) mill.
Section 2. Since the City achieved equalization in 1989 under the
provisions of Amendment 59 to the Arkansas Constitution, the tax rates are the
same for both real and personal property.
Section 3. Because Pulaski County completed a county -wide reappraisal
of property in 2003 it is possible that the millage rates set forth in Section 1 of this
Ordinance will be subject to the rollback provisions of Amendment 59 as
determined by the Arkansas Assessment Coordination Department; therefore, to
the extent that the millage rates in Section 1 are ordered roll backed in
accordance with state law the Board of Directors adopts and ratifies such millage
rates.
Section 4. The City Clerk is hereby directed to transmit a certified copy of
this Ordinance to the County Clerk of Pulaski County so that the taxes recited
may be extended on the tax books of Pulaski County and collected with the other
taxes for the year 2006.
Section 5. Severability. In the event any title, section, paragraph, item,
sentence, clause, phrase, or word of this ordinance is declared or adjudged to be
invalid or unconstitutional, such declaration or adjudication shall not affect the
remaining portions of the ordinance which shall remain in full force and effect as
if the portion so declared or adjudged invalid or unconstitutional was not
originally a part of the ordinance.
Section 6. Emergency. It is essential to the public health, safety and welfare
that the proper millage rates be stated each year, and that this information be promptly
communicated with the Pulaski County government in order to assure that appropriate
tax millages are put into effect for the following calendar year, an emergency is, therefore,
declared to exist and this ordinance shall be in full force and effect from and after the date
of its passage.
PASSED:
ATTEST:
Nancy Woo", City Clerk
APPROVED AS TO LEGAL FORM:
li
Thomas M. Carpenter, City Attorney
APPROVED:
a
Ji tPailey, Mayor