O74-29ORDINANCE NO. 74-~
AN ORDINANCE OF THE CITY OF BOYNTON BEACH, FLORIDA,
FIXING A TAX MILLAGE RATE IN EXCESS OF THE MILLAGE
CERTIFIED BY THE TAX ASSESS~Ri~OF PALM BEACH COUNTY,
FLORIDA, AND LEVYING TAXES FOR THE USE AND SUPPORT
OF THE MUNICIPAL GOVERNMENT OF SAID MUNICIPALITY
BY MAKING A.TAX LEVY FOR THE GENERAL EXPENSE, CITY
PUBLICITY AND INTEREST AND SINKING FUND REQUIREMENTS
OF THE CITY OF BOYNTON BEACH, FLORIDA, FOR THE
FISCAL YEAR BEGINNING OCTOBER 1~ 1974, AND ENDING
SEPTEMBER 30, 1975~ AND APPORTIONING EACH LEVY 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 1974 taxable value necessary to raise revenue
equivalent to 1973 ad valorem proceeds is $5.163 per $1,000.00;
and
WHEREAS, the City Council of the City of Boynton Beach,
Florida, deems it necessary and essential for the efficient daily
operation of the municipal government and for providing proper
municipal services for the safety, health and general welfare of
the inhabitants of said City that a millage rate an excess of the
said Tax Assessor's certified millage be levied.
NOW, THEREFORE, BE IT ORDAINED BY TEE CITY COUNCIL OF
THE CITY OF BOYNTON BEACH, FLORIDA:
Section 1: That there is hereby levied and there shall be
collected for the use and support of the Municipal government of
the City of Boynton Beach, Florida, and to provide for the City
~Publicity and Interest and Sinking Fund requirements for the
fiscal year beginning October 1, 1974, and ending September 30,
1975, upon all property,
corporate limits of said
said tax being so levied
herein set
real, personal~ and mixed, within the
City subject to taxation as follows,
and apportioned to the specific purposes
forth:
DISBURSEMENTS OF AD VALOREM TAX
1974 1975
kssessed Valuation
$192,226,110.00
192,226,110.00
192,226,110o00
$192,226~110~00
Requirements Mills
General Fund 7.43
I & S Fund .04
Publicity .13
Total 7.60
LEVY FOR
97% Yield
$1,385,393.00
7,460.00
24,239.00
$1,417,092.00
~ 2~ Ail mOney Collected Under this Ordinance for
the Specific items herein named be and the Same are hereby
appropriated and set apart for the Specific PUrposes indicated
in each item. All receipts for the City not Specifically
apportioned by this Ordinance are hereby made payable to the
General Fund of the City.
This Ordinance is an ordinance fixing the
tax rate and making a tax levy for the General EXPense, City
Publicity and Interest and Sinking Fund requirements Upon the
indebtedness of the City of Boynton Beach, Florida, for the
fiscal Year b ' ,
eglnnlng October
1975. 1, 1974, and ending September 30,
~ This Ordinance Shall become effective in the
manner and in the time provided by law.
First reading this
day of August, 1974.
Second reading this ~ day of September, 1974.
Third, final reading and passage this ~ day of
September, 1974.
ATTEST:
~ uy Cler~_
CITY OF BOYNTON BEACH, FLORIDA
~C°Uncilman
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