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Legislation #: 170702 Introduction Date: 9/7/2017
Type: Ordinance Effective Date: 9/29/2017
Sponsor: None
Title: Amending Ordinance No. 170150 by repealing Section 1 and enacting in its place a new Section 1, reducing taxes levied for the General Fund, Health Levy Fund, and Museum Special Revenue Fund and increasing taxes levied for the General Debt and Interest Fund, and recognizing this ordinance as having an accelerated effective date.

Legislation History
DateMinutesDescription
9/6/2017 Filed by the Clerk's office
9/7/2017 Referred to Finance and Governance Committee
9/20/2017 Hold On Agenda (9/27/2017)
9/27/2017 Advance and Do Pass as a Committee Substitute, Debate
9/28/2017 Passed as Substituted

View Attachments
FileTypeSizeDescription
170702.pdf Authenticated 104K Authenticated
revised fact sheet.xlsx Fact Sheet 24K revised fact sheet
Overview of Annual Property Tax Levy Certification Final.pptx Advertise Notice 1163K Staff PowerPoint Presentation
fact sheet.xlsx Fact Sheet 24K fact sheet

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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 170702

 

Amending Ordinance No. 170150 by repealing Section 1 and enacting in its place a new Section 1, reducing taxes levied for the General Fund, Health Levy Fund, and Museum Special Revenue Fund and increasing taxes levied for the General Debt and Interest 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. 170150 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 2017-18, commencing on the first day of May, 2017, in the total amount of one dollar sixty and six hundredth cents ($1.6006) per hundred dollars, shall be and are levied on all property within the City subject to taxation on January 1, 2017, 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-eight and thirty-four hundredth cents ($.6834) 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-eight and thirty-seven hundredth cents ($.6837) 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 twenty-one and forty-five hundredth cents ($.2145) 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 2017-18 and for the payment of all interest becoming due and payable in Fiscal Year 2017-18, 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 ninety hundredth cents ($.0190) 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 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:

 

 

___________________________________

Matthew Gigliotti

Assistant City Attorney