The City of
Newton Falls

Ordinance 2016-14

ORDINANCE 2016 – 14

AN ORDINANCE AMENDING ORDINANCE 2016-10 AMENDING COLLECTED INCOME TAX ALLOCATIONS AND DECLARING AN EMERGENCY

WHEREAS, The City of Newton Falls has previously established an Ordinance to allocate the income tax funds collected during the fiscal year; and

WHEREAS, The City of Newton Falls has closed the day-to-day operation of the Community Center as of January 1 2016; and

WHEREAS, The present allocation in the amount 10% to Parks and Recreation is no longer required; and

WHEREAS, City Council deems it necessary and in the best interest of the City to amend the existing 10%  Parks and Recreation Income Tax  Allocation to apply 1.5% to Parks and Recreation, 80% to General Fund and 10.5% to Street Construction, Maintenance and Repair Fund.

THE COUNCIL OF THE CITY OF NEWTON FALLS, STATE OF OHIO, HEREBY ORDAINS:

Section I:         The  Income Tax Collections shall be allocated beginning the fiscal year 2016 and thereafter as follows:

80 % General Fund

10.5 % Street Construction, Maintenance and Repair Fund

5 %  Capital Improvement Fund

1.5 %  Parks and Recreation Fund

1 %  Building Fund

2 %  General Fund Reserve Fund

 

Section II:       Any ordinances or parts of ordinances in conflict with the context of this ordinance are hereby repealed.

Section III:  This Ordinance is hereby declared to be an emergency measure necessary for the immediate preservation of the public peace, health, safety or welfare of the citizens of the City of Newton Falls the reason for the emergency is to meet all financial obligations.

PASSED IN COUNCIL THIS ______ DAY OF NOVEMBER,  2016.

_____________________________

Mayor, Lyle Waddell

ATTEST:______________________________

Clerk of Council