A CHARTER ORDINANCE EXEMPTING THE CITY OF ROSE HILL, KANSAS FROM THE PROVISIONS OF K.S.A. 1992 SUPP. 79-5028 AND PROVIDING SUBSTITUTE AND ADDITIONAL PROVISIONS ON THE SAME SUBJECT.
Section 1. The City of Rose Hill, Kansas, by the power vested in it by Article 12, Section 5 of the Constitution of the State of Kansas and as provided by K.S.A. 79-5036(a) hereby elects to exempt itself from the provisions of K.S.A. 1992 Supp. 79-5028, as amended. K.S.A. 79-5028, as amended, is part of an enactment commonly known as the Kansas property tax lid law, which enactment applies to this city, but does not apply uniformly to all cities.
Section 2. The following is hereby substituted for the provisions of K.S.A. 79-5028, as amended: The provisions of K.S.A. 1992 Supp. 79-5021 to 79-5033, inclusive, and amendments thereto, shall not apply to or limit the levy of taxes by the governing body of the City of Rose Hill, Kansas.
Section 3. The levy limit on taxes for the 1994 and subsequent budget years shall have a maximum annual increase in the general fund mill levy of the increase in the federal consumer price index (CPI) for the prior calendar year as compared to the next prior year, expressed as a percentage change and shall be updated annually. In addition to the CPI increase, any decrease in the bond and interest fund mill levy will allow a corresponding increase in the general fund mill levy for each respective budget year subsequent to 1993.