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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.
Agenda Analysis
Analysis
This ordinance approves the property tax levy for FY26. Section 6.07 of the Metropolitan Charter provides that the Council's next order of business upon adopting the annual operating budget is to adopt a tax levy that fully fu...
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