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Legislation #: 120708 Introduction Date: 8/2/2012
Type: Ordinance Effective Date: 8/26/2012
Sponsor: None
Title: Amending Ordinance No. 120202 by repealing Section 1 and enacting in its place a new Section 1, increasing the taxes levied for the general fund, health fund, and museum fund.

Legislation History
DateMinutesDescription
7/30/2012 Filed by the Clerk's office
8/2/2012 Referred to Finance, Governance & Ethics Committee
8/15/2012 Advance and Do Pass as a Committee Substitute, Debate
8/16/2012 Passed as Substituted

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http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=120708 Video Link 0K http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=120708
120708.pdf Authenticated 1286K Authenticated
Annual Property Tax Levy Certification_2012-13.pptx Other 76K Power Point Presentation
120708 Revised Fact Sheet.xls Fact Sheet 52K Revised Fact Sheet
120708 Fact Sheet.xls Fact Sheet 51K Fact Sheet

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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 120708

 

Amending Ordinance No. 120202 by repealing Section 1 and enacting in its place a new Section 1, increasing the taxes levied for the general fund, health fund, and museum fund.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That Ordinance No. 120202 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 the Fiscal Year 2012-2013, commencing on the first day of May, 2012, in the total amount of one dollar fifty-eight and seventy-five hundredth cents ($1.5875) per hundred dollars of assessed valuation, be and the same are hereby levied on all property within the jurisdiction of Kansas City, Missouri, subject to taxation on January 1, 2012, under the Constitution and laws of the State of Missouri, both real and tangible personal, subject to the provisions contained in Section 2 hereof, as follows:

 

FIRST: A general tax of seventy and seventy-nine hundredth cents ($ .7079) 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 seventy-two and zero hundredth cents ($ .7200) 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, R.S.Mo. in the alternative, elects to and does hereby levy and impose a tax for debt service of fourteen and zero hundredth cents ($.1400) 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 Kansas City maturing in Fiscal Year 2012-2013 and for the payment of all interest becoming due and payable in Fiscal Year 2012-2013, on the entire outstanding general obligation bond indebtedness of Kansas 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 ninety-six hundredth cents ($.0196 ) on each hundred dollars of the assessed valuation of all such taxable property for municipal museum purposes, to be credited to the Museum Special Revenue Fund.

 

__________________________________________

 

I hereby certify that the levy specified in the THIRD paragraph of Section 1 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.

 

 

___________________________________

Randall J. Landes

Director of Finance

 

Approved as to form and legality:

 

 

___________________________________

Stephen Walsh

Assistant City Attorney