Piedmont Municipal Code Ch. 20B Municipal Services Special

residue of any money raised by the City under this Ordinance may only be used in the succeeding year for the purposes stated in this Ordinance or and to the extent there is an unexpended residue for the 2020-2021 fiscal year ending June 30, 2021, such unexpended residue shall be returned to the taxpayer on the same pro rata basis as originally levied by a refund or by a reduction in subsequent taxes. “Unexpended residue” as used in this Section 20B.9 shall mean the amount the General Fund Reserve of the City exceeds twenty-five percent (25%) of the actual general operating expenses of the City in the fiscal year in question.
“General Fund Reserve” as used in this Section 20B.9 is defined as the unencumbered balance maintained in the general fund for the purpose of meeting unforeseen expenses, unrealized revenue estimates, or other emergencies of the City.

SECTION 20B.10 SEVERABILITY

If any provision of this Ordinance or the application thereof to any person or circumstance is held invalid, such invalidity shall not affect any other provisions or applications, and to this end the provisions this Ordinance are declared to be severable.

SECTION 20B.11 DURATION, AMENDMENT OR REPEAL

The authorization to levy a tax under this Ordinance shall expire with the fiscal year 2024-2025 ending June 30, 2025. This Ordinance, or any provision thereof, may only be amended or repealed by approval of a two-thirds majority of the voters voting on the proposition at any initiative or referendum election.

This Ordinance shall be adopted, if approved by a two-thirds majority of the voters voting on the proposition at an election to be held on Tuesday, March 3, 2020, and shall be effective commencing with the fiscal year that begins on July 1, 2021; provided that the provisions of Chapter 20B in effect on March 3, 2020 shall remain in effect for all purposes relating to the taxes provided thereunder through the fiscal year ending June 30, 2021.

SECTION 20B.12 EXEMPTIONS

The City Council may from time to time by Council resolution adopt exemptions to the tax measures set further herein.

Rev. 2021-07-01 (Ord. 746 N.S.)