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ORDINANCE NO. 15,370
AN ORDINANCE ESTABLISHING THE RATE OF TAXATION
OF PROPERTY FOR CITY PURPOSES FOR THE YEAR 1988
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 on real property in the
City of Little Rock, Arkansas, for certain City purposes, computed
after application of the roll back provisions of Amendment 59, are
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 two and eight tenths (2.8) mills;
For the purpose of paying bonds and interest
as may be required for the City of Little Rock,
Arkansas, for Capital Improvement Bonds to be
issued pursuant to approval by the voters on
October 13, 1987, 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 six tenths (.6) mills;
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 six tenths (.6) mills;
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® ® 506
For the purpose of paying bonds and interest
as may be required for the City of Little Rock,
Arkansas, refunding General Obligation Industrial
Development Bonds, Port Authority Project, approved
at a special election held on November 5, 1985, a
tax of three tenths (.3) mills;
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 (1) mill.
SECTION 2. The amounts of the interim levies of personal
property taxes for the items referred to in Section 1 will be the
amounts deemed appropriate, pursuant to Amendment 59, by the
Arkansas Assessment Coordination Division and the Pulaski County
Collector.
SECTION 3. The City Clerk is hereby directed to transmit a
certified copy of this Ordinance to the County Clerk of Pulaski
County to the end that the taxes recited may be extended on the
tax books of Pulaski County and collected with the other taxes for
the year 1988.
PASSED: November 3, 1987
ATTEST:
EWA
APPROV D AS TO ORM:
MARK STODO , CITY ATTORNEY
APPROVED:
MAYOR LOTTIE SHACKELFORD