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Finance Committee Agenda and Packet 2019 05 17
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Finance Committee Agenda and Packet 2019 05 17
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3/10/2021 2:34:17 PM
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Kelly PC <br />5/17/19 <br />FINAL PROPOSED BALLOT ISSUE LANGUAGE <br />NO REFUND; RETAIN RATE: <br />WITHOUT CREATING ANY NEW TAX OR INCREASING ANY CURRENT TAX RATE, MAY THE CITY OF <br />LOUISVILLE KEEP REVENUES THAT OTHERWISE WOULD BE REFUNDED FOR EXCEEDING ESTIMATES <br />INCLUDED IN THE ELECTION NOTICE MAILED TO VOTERS FOR THE 2016 VOTER -APPROVED 0.15 <br />PERCENT INCREASE IN SALES AND USE TAX, WHETHER OR NOT SUCH REVENUES HAVE ALREADY BEEN <br />SPENT, AND CONTINUE TO COLLECT THE TAX AT THE PREVIOUSLY APPROVED RATE, AND SPEND ALL <br />REVENUES COLLECTED FOR OPERATING AND MAINTAINING THE LOUISVILLE RECREATION/SENIOR <br />CENTER AND POOL FACILITIES AT MEMORY SQUARE PARK? <br />ALTERNATIVE CITY OF LOUISVILLE BALLOT ISSUE LANGUAGE (REFUND EXCESS; RETAIN RATE): <br />WITHOUT CREATING ANY NEW TAX OR INCREASING ANY CURRENT TAX RATE, SHALL THE CITY OF <br />LOUISVILLE REFUND TO THE TAXPAYERS REVENUE RECEIVED BY THE CITY IN 2018 EXCEEDING <br />ESTIMATES INCLUDED IN THE ELECTION NOTICE MAILED TO VOTERS FOR THE 2016 VOTER -APPROVED <br />0.15 PERCENT INCREASE IN SALES AND USE TAX, AND BE PERMITTED TO CONTINUE TO COLLECT THE <br />TAX AT THE PREVIOUSLY APPROVED RATE, AND SPEND ALL REVENUES COLLECTED FOR OPERATING AND <br />MAINTAINING THE LOUISVILLE RECREATION/SENIOR CENTER AND POOL FACILITIES AT MEMORY <br />SQUARE PARK? <br />5/9/19 11:31AM [nth] R:\Louisville\Finance & Audit\Final Proposed Ballot Issue Lang (2019) - Rec Tax Excess Revenue and Rate Retention (5-9-19).docx <br />1 <br />12 <br />
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