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Legislation #: 200726 Introduction Date: 8/27/2020
Type: Ordinance Effective Date: 9/18/2020
Sponsor: None
Title: Amending Ordinance No. 200166 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
8/27/2020 Filed by the Clerk's office
8/27/2020 Referred to Finance, Governance and Public Safety Committee
9/16/2020 Advance and Do Pass as a Committee Substitute, Debate
9/17/2020 Passed as Substituted

View Attachments
FileTypeSizeDescription
200726.pdf Authenticated 79K Authenticated Ordinance
200730 CS to ORG ORD - COM (002).docx Compared Version 28K Compared Version
200726 cs to org ord-com (002).docx Compared Version 27K Compared Version
Tax Levy Ord Fiscal Note revised.pdf Fiscal Note 108K Fiscal Note - Revised
Overview of Annual Property Tax Levy Certification Final FY2020-21 (003).pptx Other 684K Powerpoint Presentation
Tax Levy Ord Fact Sheet.pdf Fact Sheet 180K Fact Sheet
Tax Levy Ord Fiscal Note.pdf Fiscal Note 149K Fiscal Note

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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 200726

 

Amending Ordinance No. 200166 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. 200166 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 2020-21, commencing on the first day of May, 2020, in the total amount of one dollar seventy-six and eight hundredth cents ($1.7608) per hundred dollars, shall be and are levied on all property within the City subject to taxation on January 1, 2020, 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-six and twelve hundredth cents ($.6612) 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-six and thirteen hundredth cents ($.6613) 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 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 forty-two and zero hundredth cents ($.4200) 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 2020-21 and for the payment of all interest becoming due and payable in Fiscal Year 2020-21, 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 eighty-three hundredth cents ($.0183) 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

Director of Finance

 

Approved as to form and legality:

 

 

___________________________________

Dustin E. Johnson

Assistant City Attorney