ORDINANCE NO. BL2008-175

An ordinance establishing the tax levy in the General Services district for the fiscal year 2008-2009, and declaring the amount required for the annual operating budget of the urban services district, pursuant to section 6.07 of the metropolitan charter.

BE IT ENACTED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:

SECTION 1. That the tax levy for the General Services District of the Metropolitan Government of Nashville and Davidson County for the fiscal year 2008-2009 on each $100.00 assessed value of all property, real, tangible personal, intangible personal and mixed, with the General Services District, shall be $4.04 prorated and distributed as follows:

1. General Fund
2. School Fund
3. Debt Service Fund
4. School Debt Service Fund
Total Levy General Services
District

$2.06
$1.33
$ .48
$ .17


$4.04

per $100.00
per $100.00
per $100.00
per $100.00


per $100.00

SECTION 2. That $0.08 per $100.00 of the revenue of the General Services District General Fund generated from this tax levy collected from the area of the Urban Services District will be deposited to the credit of the General Fund of the Urban Services District.

SECTION 3. Pursuant to Section 6.07 of the Charter, BE IT HEREBY DETERMINED AND DECLARED that the annual operating budget of the Urban Services District for the fiscal year 2008-2009 requires $76,951,500 by a property tax levy therein, and the Urban Council is hereby directed to levy a tax upon all property, real, tangible personal, intangible personal and mixed, within the Urban Services District of $0.65 per $100.00 of assessed valuation, prorated and distributed as follows:

1. General Fund
2. Debt Service Fund
Total Levy Urban Services
District

$ .53
$ .12

$0.65

Per $100.00
Per $100.00

Per $100.00

SECTION 4. That the amount of revenue generated in accordance with Section 2 above will be deposited to the credit of the General Fund of the Urban Services District.

SECTION 5. This ordinance shall take effect from and after its passage, the welfare of the Metropolitan Government of Nashville and Davidson County requiring it.

Sponsored by: Erik Cole

LEGISLATIVE HISTORY

Introduced: April 1, 2008
Passed First Reading: April 1, 2008
Deferred to June 3, 2008: April 1, 2008
Referred to: Budget and Finance Committee
Passed Second Reading: June 3, 2008
Passed Third Reading: June 17, 2008
Approved: June 23, 2008
By: