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HomeMy WebLinkAbout2024-09-8823ORDINANCE NO. 2024-09 -8823 AN ORDINANCE AUTHORIZING THE CITY OF PADUCAH TO COLLECT TAXES FOR THE PADUCAH INDEPENDENT SCHOOL DISTRICT FOR THE PERIOD FROM JULY 1, 2024 THROUGH JUNE 30, 2025. BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. KRS 160.460 authorizes designated cities, such as the City of Paducah, to collect taxes assessed by independent school districts. Pursuant to this authority, the Board of Commissioners hereby authorizes the Director of Finance to collect taxes assessed by the Paducah Independent School District. SECTION 2. The Board of Education of the City of Paducah, Kentucky, 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, the Board of Education budgets and levies the following taxes for the period of July 1, 2024 through June 30, 2025, an ad valorem tax of eighty-seven and 4/10 cents ($0.874) on each one hundred dollars ($100.00) assessed valuation of all real property subject to taxation for school purposes in the City of Paducah, Kentucky, for the support and maintenance of the public schools of said City shall be collected by the City for the Board of Education. SECTION 3. The Board of Education of the City of Paducah, Kentucky, 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, the Board of Education budgets and levies the following taxes for the period of July 1, 2024 through June 30, 2025, an ad valorem tax of eighty-seven and 4/10 cents ($0.874) on each one hundred dollars ($100.00) assessed valuation of all personal property subject to taxation for school purposes in the City of Paducah, Kentucky, for the support and maintenance of the public schools of said City shall be collected by the City for the Board of Education. SECTION 4. The City of Paducah shall collect the following taxes for the Board of Education: PADUCAH INDEPENDENT SCHOOL DISTRICT Real Estate $0.874 Personal Property (including inventory) $0.874 SECTION 5. Taxes authorized to be collected herein shall be due and payable as set forth in Ordinance No. 2024-09- 8822. SECTION 6. 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. KACity Clerk\CITY CLERK\ORD\FINANCE\Authorization Of COLLECTION Of AD VALOREM TAXES For EOE FY2025.D,c, SECTION 7. This ordinance shall be read on two ste days and will become effective upon summary publication pursuant to KRS C er 24. George Bray, Mayor ATTEST: Claudia S. Meeks, Assistant City Clerk Introduced by the Board of Commissioners August 27, 2024 Adopted by the Board of Commissioners September 17, 2024 Recorded by Claudia S. Meeks, Assistant City Clerk, September 17, 2024 Published by The Paducah Sun, September 24, 2024 K:\City Clerk\CITY CLERK\ORDTrNANCE\Authorina on Of COLLECTION Of AD VALOREM'fAXES For EOE M025.1)OCx