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RESOLUTION BY THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS TO LEVY A ONE-HALF (.5) MILL TAX ON ALL REAL AND PERSONAL PROPERTY FOR THE LOCAL FIRE PENSION AND RELIEF FUND
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WHEREAS, a duly qualified election was held in accordance with A.C.A. 24-11-812 to provide for a tax levy not to exceed one (1) mill on the dollar upon the assessed value of the real and personal property contained in the city, for the purpose of funding a local pension and relief fund for fire department personnel and their survivors; and
WHEREAS, a majority of those voting approved the levy to fund the local pension fund; and
WHEREAS, the above law requires an annual levy be made by the City Council, and certified to the County Clerk; and
WHEREAS, the City Council finds that in order to raise said sum, it is necessary to levy a tax of one-half (.5) mill on the dollar on all real property and one-half (.5) mill on the dollar on all personal property, excepting household goods; and
WHEREAS, the city has consolidated administration of its Local Fire Pension and Relief fund with the Arkansas Local Police and Fire Retirement System (LOPFI); and
WHEREAS, a net budget appropriation of $2,404,762 was approved for the 2026 budget for the Local Fire Pension and Relief Fund; and
WHEREAS, additionally, $945,491 was budgeted for millage revenue to offset the same.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL FOR THE CITY OF JONESBORO, ARKANSAS that:
SECTION 1: The County Clerk is hereby authorized and directed to extend said tax upon the tax book, and that the same be collected in the same manner as other property taxes are collected.