16765s
ORDINANCE NO. 16,765
M M M M
AN ORDINANCE ESTABLISHING THE RATE OF
TAXATION OF PROPERTY FOR CITY PURPOSES FOR
THE YEAR 1995 FOR VARIOUS FUNDS OF THE CITY OF
LITTLE ROCK.
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 is hereby fixed, established and levied as follows:
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;
For the purpose of paying bonds and interest as may be required for
the City of Little Rock, Arkansas, for Capital Improvement Bonds, approved
at a special election held on October 11, 1994, there is hereby levied a tax of
three and four hundred thirty -four thousandths (3.434) mills;
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;
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;
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 one and nine tenths (1.9) mills;
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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, approved at a special election held on July 27, 1993, there is hereby
levied a tax of two (2) mills.
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. 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 1995.
PASSED: October 18, 1994
ATTEST:
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APPROVED AS TO FORM:
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APPROVED:
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