§ 5.07. Budget; tax levy; etc.

Prior to August 10, or on a date specified by the City Council, the Cartersville School Board shall submit to the City Council the Cartersville School Board's annual recommendation for the rate of tax levy within the limitations fixed by law to be made upon all taxable property within the City limits pursuant to the authority granted in Article 8, Section VI, Paragraph 1 of the 1983 Georgia Constitution and O.C.G.A. § 48-5-405. The City Council shall levy said tax upon the assessed value of all taxable property within the City limits within the limitations fixed by law.

The City Council shall cause the collected levied taxes to support the Cartersville Public Schools to be deposited into the Cartersville School Board account and disbursed from the account to the Cartersville Public Schools within ten (10) days of receipt. The City of Cartersville shall invoice the Cartersville Public Schools for the pro rata cost of collection of property taxes and for bond payments and other debt service charges owed by the Cartersville Public Schools. The Cartersville Public Schools shall pay to the City of Cartersville the amount invoiced for tax collection within ten (10) business days and at least four (4) business days prior to the due date for bond and all other debt service costs owed to the City by the Cartersville Public Schools. The School Board, as prescribed or approved by resolution, may incur indebtedness within the limits and manner prescribed by state law and may redeem such indebtedness by the issuance of checks or vouchers drawn upon the Cartersville School Board account subject to prior approval of a resolution by the City Council.

This section shall be effective as of July 1, 1998. On or after said effective date, the City shall provide no funds for the support of the Cartersville Public Schools except for the tax levy, as provided herein.

(Amd. of 11-5-98(1))