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HomeMy Public PortalAboutORD12136 f Y., 5N � BILL NO. 94 SPONSOR Councilman Nilaes S ORDINANCE NO. '12136 AN ORDINANCE OF THE CITY OF JEFFERSON, MISSOURI, AMENDING SECTION 17-207 OF THE CODE OF THE CITY OF JEFFERSON, PERTAINING TO THE PROCEDURE USED TO ESTABLISH A GROSS RECEIPTS TAX LEVY. BE IT ENACTED BY THE COUNCIL OF THE CITY OF JEFFERSON, MISSOURI, AS FOLLOWS: ,Y ect'on 1: Section 17-207 of the City Code of the City of Jefferson is hereby amended to read as follows: 6' Section 17-207. Annual Review of Levy. 41 -eeasb-yearPrior to the adoption of the City's budget each year there shall be a Public Hearing to determine -a the levy on utility gross receipts tax as 1 provided for herein for the subsequent city fiscal year, taking into consideration but not limited to such factors as, the City's fiscal condition, prior year collections, legal limits, and any tariff adjustments. Such public hearing shall be called by the nGe-GGmmWee City Council. After a public hearing, if the rate to be levied for the subsequent year is different from that currently levied, the council shall by ordinance establish a new gross receipts tax levy for the subsequent fiscal year. The existing gross receipts tax levy shall continue if no change in the rate is directed by the Council. Section 2. This Ordinance shall be in full force and effect from and after the date of its passage and approval. Passed: _ Approved: r Or efidginr�lg Office M or ATTEST: E City CI f t. •7+m 'ii + r. .11' 'i.. d t 7