Subject: 20301/Lower taxes/$.01/1997-98
Date: Thu, 4 May 1989 09:49:48 -0500


                   
                               RESOLUTION NO. 20301
                   
                   
                   
                   A RESOLUTION EXPRESSING THE INTENT OF THIS 
                   CITY COUNCIL TO LOWER  ITS TAX RATE FOR THE 
                   FISCAL YEAR 1997-1998 BY ONE CENT FOR EACH 
                   ONE CENT THE COUNTY MAY RAISE ITS TAX RATE 
                   TO RECOUP THE AMOUNT OF CITY PROPERTY TAXES 
                   BUDGETED FOR EDUCATION IN THE CITY'S FISCAL 
                   YEAR 1997-98 BUDGET, IF THE VOTERS OF THE 
                   CITY OF CHATTANOOGA VOTE TO MERGE THE CITY 
                   SYSTEM WITH THE COUNTY SCHOOL SYSTEM. 
                   
                   
                           ___________________________
                   
                   
                   
       	    	 BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF 
       CHATTANOOGA, TENNESSEE, that it is the intent of said Council to 
       lower taxes in the City of Chattanooga, Tennessee, for the fiscal 
       year 1997-1998 by one cent for each one cent the county may raise 
       its tax rate to recoup the amount of city property taxes budgeted 
       for education in the city's fiscal year 1994-95 budget, if the 
       voters of the City of Chattanooga vote to merge the city system 
       into the county system.
       
       
       ADOPTED:	 August 2, 1994
       
       RLN:meb