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An ordinance establishing the tax levy in the General Services District for the fiscal year 2024-2025, 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 2024-2025 on each $100.00 assessed value of all property, real, tangible personal, intangible personal and mixed, within the General Services District, shall be $2.922 prorated and distributed as follows:
1. General Fund
$ 1.339
per $100.00
2. School Fund
$ 1.000
per $100.00
3. Debt Service Fund
$ 0.459
per $100.00
4. School Debt Service Fund
$ 0.124
per $100.00
Total Levy General Services
$ 2.922
per $100.00
District
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 2024-2025 requires $146,380,600 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 $0.332 per $100.00 of assessed valuation, prorated and distributed as follows:
1. General Fund
$ 0.291
Per $100.00
2. Debt Service Fund
$ 0.041
Per $100.00
Total Levy Urban Services
$ 0.332
Per $100.00
District
Agenda Analysis
Analysis
This ordinance approves the property tax levy for FY25. Section 6.07 of the Metropolitan...
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