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O75-26ORDINANCE NO. 75-26 AN ORDIN~NCE OF THE CITY OF BOYNTON BEACH, FLORIDA, FIXINGA TAX MILLAGE RATE LESS TF~AN THE MILLAGE CERTIFIED BY THE TAX ASSESSOR OF PALM BEACH COUNTY, FLORIDA, AND LEVYING TAXES FOR THE US~AND SUPPORT OF ThE ~UNICIPAL GOVERNMENT OF SAID MUNTCiPALITY BY MAKING A TAX LEVY POR TFfE GENERAL EXPENSE~ INTEREST AND SINKING FL~ND i~EQUIREMENTS AND' PUBLICITY &ADVER- TISING FUND OF THE CITY OF BOYNTON BEACH, FLORIDA, FOR THE FISCAL -fEAR BEGINNING OCTOBER 1, 1975 ~-ND ENDING SEPTEMBER 30, 1976, A!qD APPORTIONING EACH LE~ FOR A SPECIFIC PURPOSE. WHEREAS, the Tax Assessor of Palm Beach County, Florida, has certified to .the City of Boynton Beach, Florida, that the millage levy on 1975 taxable value necessary to raise revenue equivalent to 1974 ad valorem proceeds is 7.870 per $1,000.00; and WHEREAS, the City C uncil of the City of Boynton Beach, Florida, deems it necessary daily operation of the muni proper municipal reduction under levied. services f inhabitants said County N©W, THEREFORE, BE THE CITY OF BOYNTON BEACH, Section 1: That t! be collected for the use an of the City of Boynton Beac Interest and Sinking Fund r beginning October 1, 1975t all property, real, persona limits of said City subject being so levied and apport~ herein set forth: and essential for the efficient ~ipal government and for providing )r the safety, health and general of said City that a millage rate Tax Assessor's certified millage be IT ORDAINED BY THE CITY COUNCIL OF FLORIDA: ~re is hereby levied and there shall ~ support of the Municipal government n, Florida, and to provide for the ~em~ for the fiscal year and ending September 30, 1976, upon 1, and mixed, within the corporate to taxation as follows, said tax oned to the specific purposes Requirements ~ISBURSEMENTS OF AD VALOREM TAX LEVY FOR ~1'g75 - 1'9'76. 5Jills Assessed ValUation 97% Yield General Fund 7.224 I & S Fund Publicity & Advertising Fund o~36 Total 7.400 $233,116,712 $233,116,712 $1,633,467 9~0A3 38,800 $1,673,310 Section the specific appropriated in each item. 2: Ail money collected under this Ordinance for items herein named be and the same are hereby and set apart for the specific purposes indicated All receipts for the City not specifically apportioned by this Ordinance are hereby made payable to the General Fund of the City. Section 3: This Ordinance ms an ordinance fixing the tax rate and making a tax levy for the General Expense and Interest-and Sinking Fund requirements upon the indebtedness of the City of Boynton Beach, Florida, for the fiscal year beginning October t~ 1975~ and ending September 30, 1976. Section 4: This Ordinance shall become effective in the manner and in the time provided by law. First reading this 5th day of August, 1975. Second reading this 2nd day of September, 1975. Third, final reading and passage this /~ day of ATTEST: ~ity Clerk CITY OF BOYNTON BEACH, FLORIDA -2-