Substitute Bill BL2020-287
An ordinance establishing the tax levy in the General Services District for the fiscal year 2020-2021, 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 2020-2021 on each $100.00 assessed value of all property, real, tangible personal, intangible personal and mixed, within the General Services District, shall be $3.788 prorated and distributed as follows:
1. General Fund $1.725 per $100.00
2. School Fund $1.290 per $100.00
3. Debt Service Fund $0.567 per $100.00
4. School Debt Service Fund $0.206 per $100.00
Total Levy General Services District $3.788 per $100.00
Section 2. That $0.05 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 2020-2021 requires $123,598,200 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 $0.433 per $100.00 of assessed valuation, prorated and distributed as follows:
1. General Fund $0.359 per $100.00
2. Debt Service Fund $0.074 per $100.00
Total Levy Urban Services District $0.433 per $100.00
Section 4. This ordinance shall take effect from and after its passage, the welfare of the Metropolitan Government of Nashville and Davidson County requiring it.
Adopted and Passed Third ReadingJune 16, 2020
ApprovedJune 17, 2020
Requests for ADA accommodation should be directed to the Metropolitan Clerk at 615-862-6770.
Last Modified: 06/29/2020 4:57 PM