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AN ORDINANCE LEVYING A CITY GENERAL MILLAGE CONSISTENT WITH THE PLEDGE MADE DURING THE SALES TAX CAMPAIGN, AND FOR OTHER PURPOSES
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WHEREAS, collection of the one percent (1%) city sales and use tax passed by the electorate on July 18th began on October 1st; and
WHEREAS, a pledge made during the campaign for passage of the tax was to eliminate the 2.1 mill city general property tax obligations while the sales and use tax is imposed; and
WHEREAS, it is the desire of the Mayor and City Council that, consistent with said pledge, the amount of property taxes due should not be calculated beyond the nine (9) months of year 2000 during which the tax was not in effect; and
WHEREAS, since property taxes must be levied for an entire year, the pledge must be honored by levying 1.575 mills for the entire year, thus resulting in the same amount that 2.1 mills would yield for nine (9) months;
NOW, THEREFORE, BE IT ORDAINED by the City Council of the City of Jonesboro, Arkansas:
SECTION 1: That for general City purposes there be, and is hereby levied on all real and personal property within the City of Jonesboro, for tax year 2000 to be collected in 2001, taxes at the rate of 1.575 mills on the dollar on the assessed value of said property
SECTION 2: That the Clerk of the Craighead County Court is hereby authorized and directed to place said levy upon the tax books, and the same shall be collected in the same manner that county taxes are collected.
SECTION 3: That, consistent with the afore stated pledge, there shall be no further levy of real and personal property taxes for general City purposes for tax year 2001 or thereafter, so long as the sales and use tax passed on July 18, 2000 is in effect.
SECTION 4: That all ordinances or parts of ordinances in conflict herewith are hereby repealed to the extent of such conflict.
PASSED AND APPROVED this 20th day of November, 2000.