10 results for “debt service” · proposal
10 results for “debt service” · proposal
This legislation amends Pennsylvania's Second Class Township Code to establish and clarify tax levy authorities for second-class townships. The amendments modify Section 3205 regarding township and special tax levies, allowing township boards of supervisors to levy taxes on real property for various purposes, including general township operations (up to fourteen mills, potentially increased to nineteen mills by court petition), highway lighting (five mills), public buildings (fifty percent of general tax rate), fire protection (three mills with provisions for employee compensation), fire hydrants (two mills), parks and recreation, and debt service. The act was passed on December 1, 2004, as House Bill 250 and represents updates to taxation authority originally established in 1933.
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On April 23, 2025, the Jersey City Municipal Council unanimously approved the introduction of the Calendar Year 2025 Municipal Budget (Resolution 25-295) in an 8-0 vote. The resolution follows New Jersey statutory requirements and establishes the city's anticipated appropriations and revenues for 2025, with a public hearing to follow for community input. The budget document includes tax summary information and details managed by the Department of Finance under Director Carmen Gandulla.
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Resolution 2017-192 seeks Assembly approval of the Heritage Land Bank's 2017 Annual Work Program and 2018-2022 Five-Year Management Plan, which outlines proposed land acquisitions, inventory management, transfers, and disposal activities for municipal uncommitted land. The Heritage Land Bank Advisory Commission held a public hearing on April 13, 2017, and recommended approval of the plan in accordance with Anchorage Municipal Code requirements that mandate submission of a five-year management plan at least once every five years. The resolution was scheduled for reading on May 9, 2017, but was postponed indefinitely on July 25, 2017.
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This Pennsylvania legislation amends the Second Class Township Code to establish the framework for township and special tax levies. The amendment specifies authorized tax rates that township boards of supervisors may levy on real property, including limits of fourteen mills for general purposes (expandable to nineteen mills with court approval), five mills for highway lighting, three mills for fire apparatus and services, two mills for fire hydrants, and additional levies for public buildings, parks and recreation, and debt service. The legislation requires voter approval when fire-related taxes exceed three mills and permits townships to allocate up to one mill of fire tax revenue for employee compensation.
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The City of Cleveland passed Ordinance No. 156-2025 on March 18, 2025, establishing the city's 2025 budget document under Mayor Justin M. Bibb. The budget received the Government Finance Officers Association Distinguished Budget Presentation Award for fiscal year 2024, marking the 32nd year the city has earned this recognition for meeting criteria as a policy document, operations guide, financial plan, and communications device. The comprehensive budget book serves as the city's financial plan aligned with the mission to deliver reliable city services and create conditions for community members to thrive.
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On February 14, 2024, the City of Dallas adopted an ordinance authorizing the issuance of General Obligation Refunding Bonds. The ordinance establishes the terms, conditions, and procedures for the bonds, including provisions for tax levy security, bond execution, registration and transfer, redemption before maturity, and a book-entry-only system for bond ownership. The document outlines detailed sections covering definitions, security arrangements, authorization parameters, and redemption provisions, though specific bond amounts and interest rates are not included in the provided excerpt.
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