HomeMy WebLinkAbout83-12-245334
ORDINANCE NO. 83-12-2453
AN ORDINANCE FIXING THE LEVIES AND RATES OF TAXATION ON ALL PROPERTY IN THE CITY OF
PADUCAH, KENTUCKY, SUBJECT TO TAXATION FOR MUNICIPAL PURPOSES AND FOR SCHOOL PURPOSES FOR THE
PERIOD FROM JULY 1, 1983 THROUGH JUNE 30, 1984, WITH THE PURPOSES OF SAID TAXES THEREUNDER
DEFINED
BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. There is hereby levied for the period from July 1, 1983 through June 30,
1984, upon all taxable real property within the City of Paducah, Kentucky, subject to
taxation for municipal purposes, an ad valorem tax of Forty-five and 2/10 cents ($0.452) upon
each one hundred dollars ($100.00) assessed valuation of said property, pursuant to Section
157 of the State Constitution, to defray the cost of maintaining and administering the govern-
ment of the City of Paducah for said period, exclusive of the levies hereinafter mentioned and
defined, and the proceeds of said tax levy shall be paid into the General Fund of the City.
SECTION 2. There is hereby levied for the period from July 1, 1983 through June 30,
1984, upon all taxable personal property within the City of Paducah, Kentucky, subject to
taxation for municipal purposes, an ad valorem tax of Forty-nine cents ($0.490) upon each one
hundred dollars ($100.00) assessed valuation of said property, pursuant to Section 157 of the
State Constitution, to defray the cost of maintaining and administering the government of the
City of Paducah for said period, exclusive of the levies hereinafter mentioned and defined,
and the proceeds of said tax levy shall be paid into the General Fund of the City.
SECTION 3. There is hereby levied for said period an ad valorem tax of Nineteen
Cents ($0.19) upon each one hundred dollars ($100.00) of the fair cash value of the shares of
stock of State Banks and Trust Companies incorporated under the laws of this Commonwealth and
doing business in the City of Paducah, and the same tax is also hereby levied upon the shares
of stock of National Banks doing business within the City.
SECTION 4. All taxes levied by Sections 1, 2, and 3 of this ordinance are necessary
and required in order to provide revenue to meet the requirements of the budget ordinance
adopted by the Board of Commissioners, and the proceeds of such tax levies and all other
revenue of the City not specifically allocated to other purposes shall be deposited into the
General Fund of the City to be expended as provided in the budget ordinance for the period
from July 1, 1983 through June 30, 1984.
SECTION 5. There is also hereby levied for said period upon each one hundred
dollars ($100.00) assessed valuation of said taxable real property a special ad valorem tax of
One and 5/10 Cents ($0.015) to be paid into and to become a part of the Appointive Employees'
Pension Fund, which fund shall be segregated and set apart for the purposes defined in KRS
90.400 anal .the City Civil Service Ordinance adopted on December 2, 1947, as amended.
SECTION 6. There is also hereby levied for said period upon each one hundred
dollars ($100.00) assessed valuation of said taxable personal property a special ad valorem
tax of One and 5/10 Cents ($0.015) to be paid into and to become a part of the Appointive
Employees' Pension Fund, which fund shall be segregated and set apart for the purposes defined
in KRS 90.400 and the City Civil Service Ordinance adopted on December 2, 1947, as amended.
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SECTION 7. There is also hereby levied for said period upon each one hundred
dollars ($100.00) assessed valuation of said taxable real property an ad valorem tax of
Six -tenth of one Cent ($0.006) to be deposited into a sinking fund for the purpose of paying
and retiring bonds which have been voted by the people of the City of Paducah, and there is
lik&wise-,levied for said period upon each one hundred dollars ($100.00) assessed valuation
-of- said .taxable property`an ad valorem tax of Eight -tenths of one Cent ($0.008) to pay the
interest`on said outstanding unpaid voted -bonds.
SECTION 8. There is also hereby levied for said period upon each one hundred
dollars ($100.00) assessed valuation of said taxable personal property an ad valorem tax of
Six -tenth of one Cent ($0.006) to be deposited into a sinking fund for the purpose of paying
and;re.tiring.bonds which .have .been voted.by the people of the City of Paducah, and there is
likewise levied for said period upon each one hundred dollars ($100.00) assessed valuation
of said taxable property an ad valorem tax of Eight -tenths of one Cent ($0.008) to pay the
interestt-.on�'sa.id outstanding unpaid voted bonds.
SECTION 9. There is also hereby levied for said period upon each one hundred
dollars .($1+00.00) assessed valuation of all real property within the city, subject to
taxation_ for, general municipal purposes, an ad valorem tax of Four and -5/10 Cents ($0.045)
for the purpose of maintaining and operating the Public Library, pursuant to the provisions
of KRS 171.360, and the proceeds of said tax levy shall be paid to the Board of Trustees of
the? Public_Library.
,,.SECTION 10. There: is also hereby levied for said period upon each one hundred
dollars ($109.00) assessed valuation of all personal property within the city, subject to
taxation for general municipal purposes, an ad valorem tax of Four and 7/10 Cents ($0.047)
for the .purpose of maintaining and operating the Public Library, pursuant to the provisions
of KRS 173.360, and the proceeds of said tax levy shall be paid to the Board of Trustees of
the Public Library.
11 SECTION 11. There is hereby further levied an ad valorem tax of Three and 2/10
Cents ($0.032) on each one hundred dollars ($100.00) of assessed valuation of all real
property subject to taxation for school purposes in said City for the period from July 1,
1982' through June 30, 1983 for the purpose of aiding, assisting and maintaining Paducah
Junior College, which tax shall be and the same is hereby declared -to be a tax for school
purposes.'
SECTION 12. There is hereby further levied an ad valorem tax of Three and 4/10
Cents :($0-.034) on each one hundred dollars ($100.00) of assessed valuation of all personal
property subject to taxation for school purposes in said City for the period from July 1,
1983 through June 30, 1984 for the purpose of aiding, assisting and maintaining Paducah
Junior College, which tax shall be and the same is hereby declared to be a tax for school
purposes.
SECTION 13. The Board of Education of the City of Paducah, pursuant to the
authority vested in it under its charter and under the laws of the Commonwealth of Kentucky,
has adopted a resolution and budget levying an ad valorem tax on all real property in said
city subject to taxation for school purposes. Pursuant to said resolution, budget and levy
the following taxes for the period from July 1, 1983 through June 30°;-1984, an ad valorem
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tax of Thirty-eight and 1/10 Cents ($0.381) on each one hundred dollars ($100.00) assessed
valuation of all real property subject to taxation for school purposes in the City of Paducah
for the support and maintenance of the public schools of said City shall be collected by the
City for the Board of Education..-.
SECTION 14., The Board -of Education of the City of Paducah, pursuant to the authority
vested in it under its charter and under the laws of the Commonwealth of Kentucky, has adopted
a resolution and budget levying an ad valorem tax on all personal property in said city subject
to taxation for school purpdses: Pursuant to said resolution, budget and41levy'tfie following
taxes for the period from July 1, 1983 through June 30, 1984, an ad valorem tax of Forty-one
and 4/10 Cents ($0.414) on._each one hundred dollars ($100.00) assessed valuation of all
personal property subject to' taxation for school purposes in the City of Paducah for the
support and maintenance'-of'the public schools of said City shall be collected by the City for
the Board of Education.
SECTION 15. The Board of Education of the City of Paducah having also adopted a
resolution and budget levying -a Special School Building Tax of Thirteen and 1/10 Cents ($0.131)
on each one hundred dollars..(_$1.00.00) of real property subject to local taxation in the City of
Paducah for the purpose- of providing for the purchase or lease of school sites and buildings,
for the erection and complete. equipping of new school buildings, for the major alterations,
enlargement and complete equipping of existing buildings, for the purpose of retiring, directly
or through rental payments school revenue bonds issued for such school building improvements
and for the purpose of financing any program for the acquisition, improvement or building of
schools and to accomplish.any or all of such purposes which shall be collected by the City for
the Board of Education., -
SECTION 16. The Board -of Education.of the City of Paducah having also adopted a
resolution and budget:levying a. .Special School_Building Tax of Fourteen and 2/10 Cents ($0.142)
on each one hundred dollars ($100.00) of personal property subject to local taxation in the
City of Paducah for the purpose of providing for the purchase or lease of school. sites and
buildings, for the erection and complete equipping of new school buildings, for the major
alterations, enlargement and complete equipping of existing buildings, for the purpose of
retiring, directly or through' -rental payments school revenue bonds issued for such school
building improvements and..,f.or, the purpose of financing any program for the acquisition, im-
provement or building of schools and to accomplish any or all of such purposes which shall be
collected by the City for.the Board of Education.
SECTION 17. The taxes levied under this ordinance are summarized as follows:
PURPOSE
General Fund of the City
Real Property
Personal Property
Other Municipal Purposes: ''
Public Library
Real Estate
Personal -Property '
Appointive Employees! Pension Fund.
RATE PER $100.00
$0.452
$0.490
$0.045
$0.047
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Real Estate
Personal Property
Voted Bonds:
Sinking Fund for Retirement
Real Property
Personal Property
Interest
�--Rea-l- ,Preaperty
Personal Property
$0.015
$0.015
$0.006
$0.006
$0.008
$0.008
SCHOOL PURPOSES:
Paducah Junior College
Real Estate $0.032
Personal Property $0.034
Total Tax Rate per $100 - real property $0.558
Total Tax Rate per $100 - personal property $0.600
Special Levies for General Fund:
Stocks of Banks and Trust Companies -$0.190
SECTION 18. The City of Paducah shall collect the following taxes for the Board of
Education:
Public Schools - Operating Fund
Real Property $0.381
Personal Property $0.414
Public Schools - Special Building Fund
Real Propery $0.131
Personal Property $0.142.
SECTION 19. The provisions of this ordinance are severable. If any provision,
section, paragraph, sentence or part thereof shall be held unconstitutional or invalid, such
decision shall not affect or impair the remainder of this ordinance, it being the legislative
intent to ordain and enact each provision, section, paragraph, sentence and part thereof
separately and independent of each other.
SECTION 20. Due to the assessments being late and the necessity for the City to
borrow money, an emergency is hereby declared to exist and this ordinance shall be in full
force and effect immediately upon its passage at one reading.
JOHN K. PENROD
Mayor
Introduced and passed by the Board of Commissioners December 27, 1983
Recorded by Louise McKinney, City Clerk, December 27, 1983
Published by The Paducah Sun January4 1 1984.