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Legislation #: 190721 Introduction Date: 8/29/2019
Type: Ordinance Effective Date: 9/27/2019
Sponsor: None
Title: Amending Ordinance No. 190165 by repealing Section 1 and enacting in its place a new Section 1, adjusting tax levy rates for the General Fund, Health Fund, General Debt and Interest Fund, and Museum Special Revenue Fund; and recognizing this ordinance as having an accelerated effective date.

Legislation History
DateMinutesDescription
8/28/2019 Filed by the Clerk's office
8/29/2019 Referred to Finance, Governance and Public Safety Committee
9/18/2019 Do Pass as a Committee Substitute
9/19/2019 Assigned Third Read Calendar as Substituted
9/26/2019 Passed as Substituted

View Attachments
FileTypeSizeDescription
190721.pdf Authenticated 72K Authenticated Ordinance
9.18.2019 Overview of Annual Property Tax Levy Certification Final FY2019-20 revised.pptx Other 707K Powerpoint
2019 Levy Ordinance Fiscal Note 190721 Final.pdf Fiscal Note 19K Fiscal note
Committee Sub for Ordinance 190721.docx Other 22K Committe substitute for ordinance
190721 Fact Sheet Final.pdf Fact Sheet 30K Fact sheet
190721-Fiscal Note.pdf Fiscal Note 615K Fiscal Note
190721-Fact Sheet.pdf Fact Sheet 625K Fact Sheet

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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 190721

 

Amending Ordinance No. 190165 by repealing Section 1 and enacting in its place a new Section 1, adjusting tax levy rates for the General Fund, Health Fund, General Debt and Interest Fund, and Museum Special Revenue Fund; and recognizing this ordinance as having an accelerated effective date.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section A. That Ordinance No. 190165 is hereby amended by repealing Section 1 and enacting a new Section 1 in its place to read as follows:

Section 1. That taxes for Fiscal Year 2019-20, commencing on the first day of May, 2019, in the total amount of one dollar fifty-nine and sixty hundredth cents ($1.5960) per hundred dollars, shall be and are levied on all property within the City subject to taxation on January 1, 2019, under the Constitution and laws of the State of Missouri, both real and tangible personal, subject to the provisions contained in Section 2 of this ordinance, as follows:

FIRST: A general tax of sixty and ninety-four hundredth cents ($0.6094) on each hundred dollars of the assessed valuation of all such taxable property is levied and imposed for municipal operating purposes, to be credited to the General Fund.

 

SECOND: A general tax of sixty and ninety-seven hundredth cents ($0.6097) on each hundred dollars of assessed valuation of all such taxable property is levied and imposed for municipal operating expenses for hospitals and public health purposes, to be credited to the Health Levy Fund.

 

THIRD: The Council, pursuant to authority granted under Section 92.031, RSMo, in the alternative, elects to levy and impose a tax for debt service of thirty-six hundredth cents ($0.3600) on each hundred dollars of assessed valuation of all such taxable property, which tax is necessary for the maintenance of the General Debt and Interest Fund for the redemption of the outstanding general obligation bonds of the City maturing in Fiscal Year 2019-20 and for the payment of all interest becoming due and payable in Fiscal Year 2019-20, on the entire outstanding general obligation bond indebtedness of the City, except indebtedness upon which the principal and interest are payable or budgeted for payment from other funds of the City.

 

FOURTH: A general tax of one and sixty-nine hundredth cents ($0.0169) on each hundred dollars of the assessed valuation of all such taxable property is levied and imposed for municipal museum purposes, to be credited to the Museum Special Revenue Fund.

 

Section B. That this ordinance relating to setting the annual levy rates for taxation of real and tangible personal property is recognized as an ordinance with an accelerated effective date as provided by Section 503(a)(3)(G) of the City Charter and shall take effect in accordance with Section 503, City Charter.

_________________________________________

I hereby certify that the levy specified in the THIRD paragraph of new Section 1 in Section A of the foregoing ordinance is necessary for the maintenance of the General Debt and Interest Fund for the payment of principal and interest on the outstanding general obligation bond indebtedness of Kansas City, as stated therein.

 

 

___________________________________

Tammy L. Queen

Acting Director of Finance

 

Approved as to form and legality:

 

 

___________________________________

Matthew Gigliotti

Assistant City Attorney