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ORDINANCE NO. 030240
Levying taxes for the Fiscal
Year 2003-2004 for General Revenue, Health Levy, Museum Special Revenue and
General Debt and Interest Funds on all property in Kansas City subject to
taxation on January 1, 2003; providing for the extension of such levies by the
Commissioner of Accounts; and authorizing the collection thereof by the City
Treasurer.
BE IT ORDAINED BY
THE COUNCIL OF KANSAS CITY:
Section 1. That
taxes for the Fiscal Year 2003-2004, commencing on the first day of May, 2003,
in the total amount of one dollar and thirty-four cents ($1.34) per hundred
dollars, be and the same are hereby levied on all property within the
jurisdiction of Kansas City, Missouri, subject to taxation on January 1, 2003,
under the Constitution and laws of the State of Missouri, both real and
tangible personal, subject to the provisions contained in Section 2 hereof, as
follows, to-wit:
FIRST: A general
tax of sixty-eight cents ($.68) 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 fifty cents ($.50) on each hundred dollars of assessed valuation
of all such taxable property is levied and imposed for municipal operating
expenses for hospitals and public health purposes, to be credited to the Health
Levy Fund.
THIRD: The
Council, pursuant to authority granted under Section 92.031, R.S.Mo. in the
alternative, elects to and does hereby levy and impose a tax for debt service
of fourteen cents ($.14) 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 the Fiscal Year 2003-2004 and for
the payment of all interest becoming due and payable in the Fiscal Year
2003-2004, 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 the General Fund, Water Operating Fund,
Sewer Fund, Sewer Special Assessment Fund, and the Street and Avenue Special
Assessment Fund.
FOURTH: A
general tax of two cents ($.02) 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.
Section 2.
(a) In
determining the amount of taxes levied by this ordinance upon property subject
to such levy, the true value of such property shall be taken to be the
valuation shown in the assessments returned by the Assessor for the county in
which the property is located for the Fiscal Year 2003-2004, as equalized
according to law; and this levy is made upon the basis of that valuation.
(b) The
general taxes hereby levied upon the real estate and tangible personal
property, and other than the goods, wares and merchandise held by all merchants
and raw material, merchandise, finished products, tools, machinery and
appliances used or kept on hand by all manufacturers, shall be entered and
extended by the Commissioner of Accounts in the land and tangible personal
property tax records for 2003.
(c) The
taxes herein levied above are levied at the levels authorized under the
Missouri Constitution and Statutes upon the assessments as estimated at the
time of levy, provided however, the Legislature having mandated equalization
maintenance upon the receipt of equalized valuations, the Council shall proceed
to revise and roll back, if required, the foregoing levy upon such equalized
assessments in accordance with constitutional and statutory requirements and
such taxes shall be extended, billed and collected in the manner provided by
ordinance.
(d) All
taxes levied by this ordinance shall be duly collected by the City Treasurer or
the appropriate County Collector.
__________________________________________________________________
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.
___________________________________
Director
of Finance
Approved
as to form and legality:
___________________________________
Assistant
City Attorney