Ordinance 1584, Indebtedness Tax

ORDINANCE 1584 AN ORDINANCE OF THE BOROUGH OF GREENVILLE, MERCER COUNTY, PENNSYLVANIA, ESTABLISHING A TAX RATE FOR INDEBTEDNESS FOR THE FISCAL YEAR 2019.

BE IT ENACTED AND ORDAINED by the Council of the Borough of Greenville and it is hereby enacted and ordained by the authority of the same as follows:

ARTICLE ONE: There shall be an annual tax levied on real estate property within the Borough of Greenville, for the purpose of paying interest and principal on any indebtedness incurred pursuant to Act of July 12, 1972 (P.L. 781 No. 165) known as Local Government Unit Debt Act or any prior or subsequent act governing the incurrence of indebtedness by the Borough.

ARTICLE TWO: This tax shall be levied on the dollar on the valuation assessed for the Borough purposes as now is or may be provided by law.

ARTICLE THREE: The rate of tax for the year 2019 shall be eight. five eight (8.58) mills.

ARTICLE FOUR: This ordinance shall become effective upon passage.

ENACTED AND ORDAINED this 26 th day of November, 2018.