16987M
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ORDINANCE NO
16,987
AN ORDINANCE ESTABLISHING THE RATE OF TAXATION
OF PROPERTY FOR CITY PURPOSES FOR THE YEAR
1996 FOR VARIOUS FUNDS OF THE CITY OF LITTLE
ROCK.
NOW, THEREFORE BE IT ORDAINED BY THE BOARD OF
OF THE CITY OF LITTLE ROCK, ARKANSAS:
409
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, and issued on February 1, 1995,
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 the 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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0 0
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 1996.
PASSED: October 17, 1995
1 '_�
ROUDIN HANCOCK
CITY CLERK
..� N I
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Al P
410