Public Hearing - September 20, 2016

Tuesday, September 13, 2016

NOTICE OF PUBLIC HEARING ON PROPOSED RATE OF TAXES FOR THE KANSAS CITY URBAN PUBLIC LIBRARY DISTRICT Notice is hereby given to those persons resident within The Kansas City Urban Public Library District, hereinafter described as The Kansas City Public Library District, that a public hearing shall be held on Tuesday, September 20, 2016, commencing at 4:30 p.m. at the Central Library Annex Board Room located at 913 Baltimore Avenue, Kansas City, Missouri, for the purpose of enabling citizens to be heard concerning the proposed rate of taxes for said Kansas City Public Library District. In accordance with the provisions of Section 67.110, RSMo, the following information is submitted:

  1. The assessed valuation by category of real and personal tangible property of said Kansas City Public Library District for fiscal year 2016-2017 is estimated as follows: (a) Real estate $2,487,459,767 (b) Personal property $743,470,313
  2. The assessed valuation by category of real and personal tangible property of said Kansas City Public Library District for the preceding fiscal year is as follows: (a) Real estate $2,446,792,781 (b) Personal property $736,468,576
  3. The amount of revenue required to be provided from the property tax as set forth in the annual budget adopted by the Board of Trustees of said Kansas City Public Library District for the rate to be levied is projected as follows: General operating revenue $14,622,016
  4. The amount of revenue estimated for fiscal year 2016-2017 for new construction and improvements is projected at $171,285
  5. The estimated tax rate proposed to be set for taxation is as follows: General operating levy $0.4933 cents per $100.00 assessed valuation
    1. By order of the Board of Trustees of The Kansas City Public Library District, this 13th day of September 2016.

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