HomeMy WebLinkAboutPO 6649: ADOPTING A TAX RATE FOR THE TAX YEAR 2017 P.O. NO. 6649
KD: 09/19/17
ORDINANCE NO.
AN ORDINANCE ADOPTING A TAX RATE
FOR THE TAX YEAR 2017 (FISCAL YEAR
OCTOBER 1, 2017—SEPTEMBER 30,2018)
WHEREAS, the Tax Assessor-Collector has calculated and submitted to the City Council.
pursuant to Section 26.04 of the Texas Property Tax Code, the effective tax rate of$0.789170 per One
Hundred and No/100 Dollar ($100) valuation of property and the rollback rate of$0.830909 per One
Hundred dollar valuation($100); and
WHEREAS, on August 21, 2017, the City Manager has submitted to the City Council the
Budget for the Fiscal Year October 1, 2017 through September 30, 2018; and
WHEREAS, pursuant to 26.05(b) of the Texas Property Tax Code, the City Council hereby
, moves that property taxes be increased by adoption of a tax rate of$0.792 per $100 valuation, which is
effectively a .3586 percent increase in the tax rate.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PORT ARTHUR:
THAT, the City Council has hereby moves that property taxes be increased by adoption
of a tax rate of$0.792 per$100 valuation, which is effectively a .3586 percent increase in the tax rate.
THAT, this year's tax levy to fund maintenance and operations expenditures does not
exceed last year's maintenance and operations tax levy. The ordinance setting this year's tax rate does
not require the statements about "tax increase" as specified in 26.05(b) of the Texas Property Tax
Code.
THAT, pursuant to Section 26.05 of the Texas Property Tax Code, the City Council hereby
moves that property taxes be increased by the adoption of an Ad Valorem tax rate on One Hundred
and No/100 Dollar($100)valuation for tax year 2017 as follows:
Tax Rate to Fund Interest and Sinking Fund $0.307336
Tax Rate to Fund Maintenance and Operation Expenditures 0.484664
Total 2017 Tax Rate $0.792000
THAT, a copy of the caption of this Ordinance be spread upon the Minutes of the City Council.
READ, ADOPTED, AND APPROVED, this day of September, 2017, A.D., at a
Special Meeting of the City Council of the City of Port Arthur, Texas by the following vote: AYES:
Mayor:
Councilmembers: ,
NOES:
Derrick Freeman-Mayor
ATTEST:
Sherri Bellard - City Secretary
APPROVED AS TO FORM:
14-e
Val Tizeno - Cit ' ttorney
APPROVED FOR ADMINISTRATION:
Brian McDougal - City Manager
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Rosie Vela-Interim Director of Finance