(A) The Board of Trustees has decided to certify to the County Clerk for collection one all purpose levy required to be raised by taxation for all municipal purposes instead of certifying a schedule of levies for specific purposes added together. Subject to the limits in Neb. RS 77-3442, the all purpose levy shall not exceed the annual levy specified in Neb. RS 19-1309 to be levied upon the taxable valuation of all taxable property in the village.
(B) (1) The amount of the all purpose levy shall be certified as a single amount for General Fund purposes.
(2) The Board of Trustees shall allocate the amount raised by the all purpose levy to the several departments of the village in its annual budget and appropriation ordinance, or in other legal manner, as the Board of Trustees deems wisest and best.
(C) The village shall be bound by its election to follow the all purpose levy method during the ensuing fiscal year but may abandon such method in succeeding fiscal years.
(D) Otherwise authorized extraordinary levies to service and pay bonded indebtedness of the village may be made by the village in addition to the all purpose levy.
(Neb. RS 19-1309 through 19-1312) (1996 Code, § 1-807) (Ord. 98-22, passed 8-4-1998)