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The budget commission of the City of East Providence hereby orders the assessment and collection of a tax on ratable real estate, tangible personal property and an excise tax on registered motor vehicles and trailers in a sum not more than $99,336,000.00 nor less than $98,336,000.00. Said tax is for ordinary expenses, for the payment of interest and indebtedness, in whole or in part, of said city, and for other purposes authorized by law.
Further, the budget commission of the City of East Providence hereby establishes amounts per $1,000.00 of assessed value for FY 2012 for ratable real estate, tangible personal property and an excise tax on registered motor vehicles and trailers as follows: FY 2011 FY 2012
Initial* FY 2012
Revised Change to
Initial
Residential $20.09 $20.79 $20.74 ($0.05)
Commercial/
Industrial/
Mixed-Use 22.25 23.02 22.94 (0.08)
Motor Vehicle 37.10 37.10 37.10 (0.00)
Tangible 49.59 51.32 51.19 (0.13)
*FY 2012 Initial estimates included in the FY 2012 Budget passed by the city council on October 25, 2011.
(Ch. 38, § I, 11-10-98; Ch. 433, § I, 11-6-07; Ch. 493, § I, 11-3-09; Ch. 515, § I, 10-19-10; Ch. 554, § I, 4-17-12; Ch. 556-A, § 2, 5-17-12)