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An ordinance establishing the tax levy in the General Services District for the fiscal year 2025-2026, and declaring the amount required for the annual operating budget of the Urban Services District, pursuant to section 6.07 of the Metropolitan Charter.
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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 2025-2026 on each $100.00 assessed value of all property, real, tangible personal, intangible personal and mixed, within the General Services District, shall be $2.782 prorated and distributed as follows:
|
|
1. General Fund |
$ 1.389 |
per $100.00 |
|
|
2. School Fund |
$ 0.901 |
per $100.00 |
|
|
3. Debt Service Fund |
$ 0.389 |
per $100.00 |
|
|
4. School Debt Service Fund |
$ 0.103 |
per $100.00 |
|
|
Total Levy General Services District |
$ 2.782 |
per $100.00 |
Section 2. 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 2025-2026 requires $18,350,500 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 $0.032 per $100.00 of assessed valuation, prorated and distributed as follows:
|
|
1. General Fund |
$ 0.006 |
Per $100.00 |
|
|
2. Debt Service Fund |
$ 0.026 |
Per $100.00 |
|
|
Total Levy Urban Services District |
$ 0.032 |
Per $100.00 |
Section 3. This ordinance shall take effect from and after its passage, the welfare of the Metropolitan Government of Nashville and Davidson County requiring it.