HomeMy WebLinkAbout17357ORDINANCE NO. 17,357
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3 AN ORDINANCE TO AMEND ORDINANCE 17,290 ESTABLISHING
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5 THE RATE OF TAXATION OF PROPERTY FOR CITY PURPOSES
6 FOR THE YEAR 1997 FOR VARIOUS FUNDS OF THE CITY OF
7 LITTLE ROCK
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WHEREAS, Pulaski County conducted a reappraisal of all real estate in 1996; and
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12 WHEREAS, as a result of this reappraisal, Amendment 59 to the Arkansas
13 Constitution limits increases in revenue from real estate after a reappraisal to 10 %.
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15 NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF
16 THE CITY OF LITTLE ROCK, ARKANSAS:
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18 SECTION 1. The rate of taxation of real and personal property in the City of
19 Little Rock, Arkansas for the year 1997 for certain City purposes is hereby readjusted
20 and amended as follows:
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22 For general purposes in order to carry on the affairs of the City
23 Government under Section 4, Article 12 of and Amendment 10 to the
.24 Constitution of Arkansas of 1874, there is hereby levied a tax of four and
25 eight tenths (4.8) mills;
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27 For the purpose of paying bonds and interest as may be required
28 for the City of Little Rock, Arkansas, for Capital Improvement Bonds,
29 approved at a special election held on October 11, 1994, and issued on
30 February 1, 1995, there is hereby levied a tax of three and three tenths
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(3.3) mills;
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33 For the purpose of paying Policemen's Pensions in accordance with
34 provisions of Amendment No. 31 to the Constitution of the State of
35 Arkansas, a tax of one (1) mill;
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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 eight tenths (1.8) mills;
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 one and nine tenths (1.9) 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 1997.
PASSED: December 17, 1996
ATTEST:
R BO BIE HANCOCK
CITY CLERK
APPROVED AS TO FORM:
HOMAs�`°., M. CARPENTER
CITY ATTORNEY
APPROVED:
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