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17,602 X62
ORDINANCE NO. '
AN ORDINANCE ESTABLISHING THE RATE OF TAXATION OF
PROPERTY FOR CITY PURPOSES FOR THE YEAR 1998 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, and issued on
February 1, 1995, there is hereby levied a tax of three and three tenths
(3.3) 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;
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M = M M M
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: October 21, 1997
ATTEST:
CITY CLERK
APPROVED AS TO FORM:
K11 14121 a
APPROVED:
JINUAILEY
MAYOR
U63