HomeMy WebLinkAboutPR 23870: TO CONSIDER ESTABLISHING THE PROPOSED FISCAL YEAR 2024-2025 TAX RATE, TAKING A RECORD VOTE AND SCHEDULING A PUBLIC HEARING TO RECEIVE PUBLIC COMMENT ON THE PROPOSED TAX RATE ROLL CALL VOTE REQUIRED
P.R. No. 23870
08/01/2024 bw
RESOLUTION NO.
A RESOLUTION TO CONSIDER ESTABLISHING THE PROPOSED
FISCAL YEAR 2024-2025 TAX RATE, TAKING A RECORD VOTE
AND SCHEDULING A PUBLIC HEARING TO RECEIVE PUBLIC
COMMENT ON THE PROPOSED TAX RATE
WHEREAS, Chapter 26 of the Property Tax Code requires taxing units to comply
with truth-in-taxation laws in adopting their tax rate and requires the governing body to
hold a public hearing when the proposed tax rate exceeds the lower of the no-new
revenue or voter-approval tax rate; and
WHEREAS, staff recommends City Council establish a proposed tax rate
required to support the City Manager's proposed FY 2024-2025 budget equal to the tax
rate of $0.626272/$100 of valuation; and
WHEREAS, in accordance with Chapter 26 of the Property Tax Code, if the
proposed rate exceeds the no-new revenue rate of $0.585995/$100 or the voter-
approval tax rate of $0.626272/$100, the City Council must take a record vote to place
the proposal to adopt the rate on the agenda at a future meeting; and
WHEREAS, the no-new revenue tax rate is the rate that would produce the
same amount of taxes in FY 2025 as was produced in FY 2024 if it was applied to the
same properties taxed in both years.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF PORT ARTHUR, TEXAS:
Section 1. That the facts and opinions in the preamble are true and correct.
Section 2. That the 2024 tax rate is proposed to be $0.626272/$100 of
valuation.
Section 3. That the date of September 24, 2024 be and the same is hereby
set as the date at which the City Council will conduct public hearings on the proposed
tax rate. The meeting will be held in the City Council Chambers, City Hall, 444 4th
Street, Port Arthur, Texas at 6:00 p.m. on September 24, 2024, at which times the
City Council will receive public comment on the proposed tax rate of $0.626272/$100 of
valuation
Section 4. That the City Secretary is to publish notice of said public hearing
pursuant to V.T.C.A., Tax Code §26.06.
Section 5. That the meeting at which this resolution was approved was in all
things conducted in strict compliance with the Texas Open Meetings Act, Texas
Government Code, Chapter 551.
Section 6. That a copy of the caption of this Resolution be spread upon the
Minutes of the City Council.
READ, ADOPTED AND APPROVED on this 6th day of August, A.D., 2024, at a
Regular Meeting of the City Council of the City of Port Arthur, Texas, by the following
vote:
AYES:
Mayor:
Councilmember:
NOES:
Thurman Bill Bartle, Mayor
ATTEST:
Sherri Bellard, TRMC
City Secretary
APPROVED AS TO FORM:
res Black
I erim City Attorney
APPROVED FOR ADMINISTRATION:
MLA
Ronald :d rton, CPM
City anager
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Lyn Boswell, M.A., ICMA-CM
Finance Director