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Home My WebLink About77-10-1487657 ORDINAANCE NO. 77-10-1487 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, 1977 THROUGH JUNE 30, 1978, WITH THE PURPOSES OF SAID TAXES THEREUNDER DEFINED BE IT ORDAINED BY THE BOARD OF COMMISSIONERS OF THE CITY OF PADUCAH, KENTUCKY: SECTION 1. There is hereby levied for the period from July 1, 1977 through June 30, 1978, upon all taxable property within the City of Paducah, Kentucky, real and personal, subject to taxation for municipal purposes, an ad valorem tax of Forty-nine and 74/100 cents ($0.4974) 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 said period an ad valorem tax of Nineteen Cents (0.19)-. upon each one hundred dollars' ($100,100) 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. There is also levied for said period an ad valorem tax of One and 5/10 Cents ($0.015) upon each one hundred dollars ($100.00) of the fair cash value of unmanufactured tobacco, and Four and 5/10 Cents ($0.045) upon each one hundred dollars ($100.00) of all other unmanufactured agricultural products within said city subject to taxation for general municipal purposes. SECTION 3. All taxes levied by Sections 1 and 2 of this ordinance are necessary and required in order to provide revenue to meet the requirements of the apportionment 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 apportionment ordinance for the period from July 1, 1977 through June 30, 1978. ' 658 SECTION 4. There is also hereby levied for said period upon each one hundred dollars,'($100:.00) assessed-waluation'of said taxable.property a special ad valorem tax. "of `Vivo -tenths of One Cent ($0:.'0020)` -to be -:pa d.: into and ,to •become-a-.p:art. - of , the .. Appointivo E'mp:loyees I -Pension Fund` . which 'fund, shall be sdgr.6gated, and- set.' apart :for the .purposes_!defirred'. in: KRS-1.90.400,, and'the,-,City: Civil Service Ordinance adopted.. on: -December Z 1.947.; a)s'�amended. -_SE GTION. 5 . 'Phere is also hereby:` levied' for 'said period :upon : each orie hundred dollars ``($100:'00) assessed- valuation bf':said ,.taXab.le'-property an` ad, valorem tax of Three and -11/100 cents:: ($0 ..0313)1.-;10 be deposite&into. a . sinking +fund _fors, 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-,saidperiod upon each one,,hundred dollar's'-. ($100.00) assessed valuation 'of said, taxable: property an ad -valorem -tax 'of Three +and 93/100 cents (;$0.0393) -•to pay the : interest -on said'. outstanding -unpaid: voted bondsC. SECTION 6. There is also hereby -levied;- for ._said period upon: each one hundred dollars ($-100.;00:): assessed: valuation : of: all; real and , personal '._property within the city j.'.subject--,to•,taxation for. gen'oral xnunicipal�purposes,,' .an ad valorem'tax:;of Five. and 3/10 Cents r($0 :,0,5:20),•; for- the purpose-. of maintaining -.and operating _the Public Library, :pursuant>to the: provisions: of. KRS 17.3:360;;: and: the, proceeds" of%saidtax levy shall: be -p aid, to -the B_oardr'of Trutte6s. oUth&.(Pu.hiic-Library: - SECTION 7. The Board -;of -Ed acation:-of the City of Paducah; pursuia-nt- o the authority, -.vested:, it; iunder it'ar'charter= and ander..-the.claws of th6 Commonwealth of Kentucky, has adopted a resolution and budget requesting that the Board of Commissioners of the': City` of Paducah levy an ad valorem tax on all property in said city subject to taxation for sel od.1 purposes. Pursuant to said resolution and budget there: is hdr�eby -levied-, th.e following taxes for the period from July 1, 1977 through June 3U, 13.7.8. Ari-ad'valorem tax of:Thirty-seven and 9/10 Cents ($0.3790) on each one:;,hundred.idolla.rs ($100.00) assessed',"valuation of all real and perscnaLpr-operty .subject to, taxation -`for school pur- poses in the City of Paducah for the support and maintenance of the public schools �l of,., said city:. Said resolution pertaining to the aforesaid ad valorem} tax of Thirty-seven and 9/10 Cents ($0.3790) per one hundred dollars ($100.00) of assesse&Vv4Watioh_ '.is in words "and figures as follows. "BE IT RESOLVED i that -'there b -e =.imposed- and- jlevied ' Eby : the Board of Education of the Paducah Independent School District, Paducah, Kentucky, the ad valoreum tax ,of-_ thir,.ty--s:everi: and.:hine tenths cents ($0.3790) on each $100.00 of assessment at fair cash value of real an&personai 1pr:bperty :and all fran.chise's iii thePaducah: Independent School District, subject to taxation for the 1977-78 fiscal year, the same being necessary to be raised in addition to all other funds to be received by the Paducah Independent School District to support and maintain the public schools of the Paducah Independent School District". 659 SECTION- 8. The, Board of Educationof the City of Paducah - having also adopted- a:: resolution: and -,budgbt �requ6stirig the levy of -&; Special School Biailding Tax of Thirteen ,and,,U/10-0---Cerits-'�($0.1300) ori :'each ,on6 hundred dollars ($100"D0) --of property subject. to -local taxation 'in, Ahel-City, of Paducah.*" thbdrd iso hereby further levied a 'Special school building tax of Thirteen and 0/100 Cents -_($0.130:0) on each one hundred, dollars ($10.0: 00) !.,of_ property 'subject to taxation, for school' purposes. in said city for the period from, July 1,:� �1977 through, JunieAG, 1978' 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,"�etilargem6nt and complete - equipping, of -existing buildings, for the-,' _:-purpose, of -retiring;- directly for through rental payments school rerevenue, bonds -..issued. for, such schobl-:building'impr6Vem6nts and, for the purpoisd of financing. � :any program for, the - acquisition, improvem-eht or building' of schools 7 and to' accomplish any or all of such purposes. SECTION 9. There is'- hereby 'further levied aii'ad valorem tax of Three and 7/10 Cents ($0.0370) on each one hundred id-ollars' ($100.00) Of -7 asses se' d- valuation of all real and personal -property' subj'ect 'to taxation for school' purposes 'in -said 'City for thei period from July: 1, 1977 through June '3U,''19-78 for, the purpose of aiding, assisting and maintaining the Paducah-: Community.' -College; which _.- tax shall, be and the -same is hereby, -declared--.- to, -be - a-Uk for school' :purposes . SECTION 10.: The taxes levied under this 'ordinance are summarized as f 0110W�*B:7' 7 PURPOSE RATE- PER $100.00 General Fund. -of--: the City ;$0.49'74 4-; Other Municipal Purposes' -Public Library"$0 0520 Appointive Empl o'y ees.' Pension Fund $0.002,0 Voted Bonds Sinking Fund for Retirement $0.0313 Interest $0.0393 SCHOOL PURPOSES Public Schools - Operating Fund $0.3790 Public 'Schools - :Special -.School ::Building Tax $0.1300 Paducah Community"College $0.0370 Total Tax, Rate per'.$1-00.0;0`6n property, ..subject to full tax rate $1.1680 660 Special Levies for General Fund -Companies..- ,. Stocks_. of _Banks and Trust sq.190 Unmanufactured._tobacco _.,.products .. $0.5015 Other unmanufactured., agricultural. products SECTION , 11. 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 ofeach other. SECTION 12. This ordinance shall be in full force and effect from and after the date of. its adoption. Mayor'' .