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Legislation #: 961044 Introduction Date: 8/8/1996
Type: Ordinance Effective Date: 9/1/1996
Sponsor: None
Title: Amending Ordinance No. 960339 by repealing Section 1 and enacting in lieu thereof a new Section 1, increasing the tax levy for general purposes in paragraph 1 thereof.

Legislation History
DateMinutesDescription
8/8/1996

Prepare to Introduce

8/8/1996

Referred Finance & Administration Committee

8/14/1996

Do Pass

8/15/1996

Add to Consent Docket

8/22/1996

Passed


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ORDINANCE NO. 961044

 

Amending Ordinance No. 960339 by repealing Section 1 and enacting in lieu thereof a new Section 1, increasing the tax levy for general purposes in paragraph 1 thereof.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section A. That Section 1 of Ordinance 960339 is hereby repealed and a new Section 1 is enacted to read as follows:

 

Section 1. That taxes for the Fiscal Year 1996-1997, commencing on the first day

of May, 1996, in the total amount of one dollar and thirty-nine cents ($1.39) per one hundred dollars ($100.00) assessed valuation are levied on all property within the jurisdiction of Kansas City, Missouri, subject to taxation on January 1, 1996 under the Constitution and laws of the State of Missouri, both real and tangible personal, subject to the provisions of Section 2 of Ordinance No. 960339, as follows:

 

FIRST: A general tax of seventy cents ($.70) 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.,

elects to and does hereby levy and impose a tax for debt service of seventeen cents ($.17) on each hundred dollars of assessed valuation of all property within the jurisdiction of Kansas City, Missouri, subject to taxation on January 1, 1996, under the Constitution and laws of the State of Missouri, both real and tangible personal, 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 1996-1997 and for the payment of all interest becoming due and payable in the Fiscal Year 1996-1997, 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 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.

 

__________________________________________________________________

 

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