HomeMy WebLinkAbout82-12-2338472
ORDINANCE NO. 82-12-2338
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, 1982 THROUGH JUNE 30, 1983, 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, 1982 through
June 30, 1983, upon all taxable real property within the City of Paducah, Kentucky,
subject to taxation for municipal purposes, an ad valorem tax of Forty-four and 4/10
cents ($0.444) 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 2. There is hereby levied for the period from July 1, 1982 through
June 30, 1983, upon all taxable personal property within the City of Paducah, Ken-
tucky, subject to taxation for municipal purposes, an ad valorem tax of Forty-four
and 4/10 cents ($0.444) 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 a cumulative tax for the period from
July 1, 1982 through June 30, 1983, upon all taxable personal property within the
City of Paducah, Kentucky, subject to taxation for municipal purposes, an ad valorem
tax of four and 6/10 cents ($0.046) 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 4. 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 5. All taxes levied by Sections 1, 2, 3 and 4 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
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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, 1982 through June 30,
1983.
SECTION 6. 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 and the City Civil Service Ordinance adopted
on December 2, 1947, as amended.
SECTION 7. 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.
SECTION 8. 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 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 interest on said outstanding unpaid
voted bonds.
SECTION 9. 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 retiring 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 interest on said outstanding unpaid
voted bonds.
SECTION 10. There is also hereby levied for said period upon each one
hundred dollars ($100.00) assessed valuation of all real property within the city,
subject to taxation for general municipal purposes; an ad valorem tax of Four and
4/10 Cents ($0.044) 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.
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SECTION 11. There is also hereby levied for said period upon each one
hundred dollars ($100.00) assessed valuation of all personal property within the
city, subject to taxation for general municipal purposes, an ad valorem tax of Four
and 4/10 Cents ($0.044) 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.
SECTION 12.- There is also hereby levied a cumulative tax for said period
upon each one hundred dollars ($100.00) assessed valuation.of all personal property
within the city, subject to -taxation for general municipal purposes,.an ad valorem
tax of Three tenths of a cent C$0.003) 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.
SECTION 13. 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 Community College, which tax shall be and the same is hereby
declared to be a tax for school -purposes.
SECTION 14. 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 personal 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 Community College, which tax shall be and the same is hereby
declared to be a tax for school purposes.
SECTION 15. There is hereby further levied a cumulative ad valorem tax of
Two tenthsof a cent ($0.002) 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, 1982 through June 30, 1983 for the purpose of
aiding, assisting and maintaining Paducah Community College, which tax shall be and
the same is hereby declared to be a tax for school purposes.
SECTION 16. 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,-1982
through June -30 1983, an ad valorem tax of_Thirty-£our and 6/10 Cents($0.346) 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.
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SECTION 17. 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 purposes. Pursuant to
said resolution, budget and levy the following taxes for the period from July 1, 1982
through June 30, 1983, 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 18. The Board of Education of the City of Paducah having also
adopted a resolution and budget levying a Special School Building Tax of Eleven and
8/10 Cents C$0.118) on each one hundred dollars ($100.00) 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 19. 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 C$0.142) on each one hundred dollars C$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 com-
plete equipping of existing buildings, for the purpose of retiring, directly or
through rental payments school revenue bonds issued for such school building improve-
ments 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 Ey the City for the Board of Education.
SECTION 20. The taxes levied under this ordinance are summarized as
follows:
PURPOSE
General Fund of the City
Real Property
RATE PER $100.00
$0.444
Personal Property $0.444
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Other Municipal Purposes:
Public Library
Real Estate
$0.044
Personal Property
$0.044
Appointive Employees' Pension Fund
Real Estate
$0.015
Personal Property
$0.015
Voted Bonds:
Sinking Fund for Retirement
Real Property
$0.006
Personal Property
$0.006
Interest
Real Property
$0.008
Personal Property
$0.008
SCHOOL PURPOSES:
Paducah Community College
Real Estate $0.032
Personal Property $0.032
Total Tax Rate per $100 - real property $0.549
Total Tax Rate per $100 - personal property $0.549
Special Levies for General Fund:
Stocks of Banks and Trust Companies $0.190
SECTION 21. These taxes shall be a Cumulative Tax on personal property
only, and summarized as follows:
PURPOSE RATE PER $100.00
General Fund of the City $0.046
Other Municipal Purposes:
Public Library $0.003
SCHOOL PURPOSES:
Paducah Community College $0.002
Total Cumulative Tax Rate per $100.00 on personal property $0.051
SECTION 22. The City of Paducah shall collect the following taxes for the
Board of Education:
Public Schools - Operating Fund
Real Property $0.346
Personal Property $0.414
Public Schools - Special Building Fund
Real Propery $0..118
Personal Property $0.142.
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SECTION 23. The provisions of this ordinance are severable. If any
provision, section, paragraph, sentence or part thereof shall be held uncon-
stitutional 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 24. 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 22, 1982
Recorded by Louise McKinney, City Clerk, December 22, 1982
Published by The Paducah Sun January 4, 1983.