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Home My WebLink About22540 1 ORDINANCE NO.22,540 2 3 AN ORDINANCE TO ESTABLISH THE RATE OF TAXATION OF 4 PROPERTY FOR THE CITY OF LITTLE ROCK, ARKANSAS, TO BE 5 COLLECTED IN THE YEAR 2025 FOR VARIOUS FUNDS OF THE CITY 6 OF LITTLE ROCK;TO DECLARE AN EMERGENCY;AND FOR OTHER 7 PURPOSES. 8 9 WHEREAS,pursuant to Ark.Code Ann. §26-73-202(West 2010),the Board of Directors is required 10 to certify to the County Clerk the rate of Ad Valorem Property Tax to be levied on real and personal property 11 within the City of Little Rock,Arkansas,for the current year;and, 12 WHEREAS,pursuant to Ark. Code Ann. § 14-14-904(West Supp. 2016),upon the timely receipt of 13 this information from the City,the Pulaski County Quorum Court is mandated to make such a levy at its 14 regular November meeting in 2024. 15 NOW,THEREFORE,BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY 16 OF LITTLE ROCK,ARKANSAS: 17 Section 1. The rates of taxation of real and personal property in the City of Little Rock,Arkansas for 18 certain City purposes are hereby fixed,established and levied as follows: 19 (a) For general purposes in order to carry on the affairs of the City Government under Section 4, 20 Article 12 of and Amendment 10 to the Constitution of Arkansas of 1874,there is hereby levied 21 a tax of five(5)mills; 22 (b) For the purpose of paying bonds and interest as required for the bonds authorized in Little 23 Rock, Ark., Ordinance No. 23,132 (May 17, 2022), approved at a special election held on 24 August 9,2022,there is hereby levied a tax of three(3.0)mills; 25 (c) For the purpose of paying Policemen's Pensions in accordance with provisions of Amendment 26 No.31 to the Constitution of the State of Arkansas,there is hereby levied a tax of one(1)mill; 27 (d) For the purpose of Paying Firemen's Pensions in accordance with the provisions of Amendment 28 No.31 to the Constitution of the State of Arkansas adopted November 5, 1940, and Act 16 of 29 the acts of the General Assembly of the State of Arkansas for the year 1941, there is hereby 30 levied a tax of one(1)mill; 31 (e) For the purpose of maintaining the City Library, in accordance with the provisions of 32 Amendment No.30 to the Constitution of the State of Arkansas,there is hereby levied a tax of 33 three and eight tenths(3.8)mills for maintenance and operation,as authorized in Little Rock, 34 Ark., Ordinance No. 22,022 (August 3, 2021); and, approved by the electors of the City on 35 November 9,2021; [Page 1 of 3] 1 (f) For the purpose of paying bonds and interest as required for the City of Little Rock,Arkansas, 2 for Library Construction and Refunding Bonds, in accordance with the provisions of 3 Amendment No. 30 to the Constitution of the State of Arkansas, as amended by Amendment 4 No.72 to the Constitution of the State of Arkansas,authorized in Little Rock,Ark.,Ordinance 5 No. 22,101 (March 8, 2022), approved at a special election held on May 21, 2022, there is 6 hereby levied a tax of one and three tenths(1.3)mills. 7 Section 2. Since the City achieved equalization in 1989 under the provisions of Amendment 59 to the 8 Arkansas Constitution,the tax rates are the same for both real and personal property. 9 Section 3. Because Pulaski County completed a County-wide reappraisal of property in 2022, 10 the millage rates set forth in Section 1 of this ordinance may be subject to the rollback 11 provisions of Amendment 59 to the Arkansas Constitution as determined by the Arkansas 12 Assessment Coordination Department although such a rollback is not anticipated; however, to the 13 extent that the millage rates in Section 1 are ordered roll backed in accordance with state law,the Board 14 of Directors adopts and ratifies such millage rates. 15 Section 4. The City Clerk is hereby directed immediately to transmit a certified copy of this ordinance 16 to the County Clerk of Pulaski County so that the taxes recited may be extended on the tax books of 17 Pulaski County and collected with the other taxes for the year 2024. 18 Section 5. Severabilisy. In the event any title,section,paragraph,item,sentence,clause,phrase,or 19 word of this ordinance is declared or adjudged to be invalid or unconstitutional, such declaration or 20 adjudication shall not affect the remaining portions of the ordinance which shall remain in full force and 21 effect as if the portion so declared or adjudged invalid or unconstitutional was not originally a part of the 22 ordinance. 23 Section 6. Repealer. All ordinances and resolutions,and parts thereof,which are in conflict with any 24 provision of this ordinance are hereby repealed to the extent of such conflict. 25 Section 7. Emergency Clause. It is essential to the public health, safety, and welfare that the proper 26 millage rates be stated each year, and that this information be promptly communicated with the Pulaski 27 County government in order to assure that appropriate tax millages are put into effect for the following 28 calendar year; an emergency is, therefore, declared to exist and this ordinance shall be in full force and 29 effect from and after the date of its passage. 30 PASSED: October 15,2024 31 ATTEST: APPROVED: 32 ' 33 AV/vu VI • 34 Allison Segars,A►Og City Clerk Frank Scott,Jr.,Mayor 35 36 [Page 2 of 3] 1 APPROVED AS TO LEGAL FORM: 2 3 W 4 Thomas M.Carpenter,City Atto y 5 // 6 // 7 // 8 // 9 // 10 // 11 // 12 // 13 // 14 // 15 // 16 // 17 // 18 // 19 // 20 // 21 // 22 // 23 // 24 // 25 // 26 // 27 // 28 // 29 // 30 // 31 II 32 // 33 // 34 // 35 // 36 // [Page 3 of 3]