HomeMy WebLinkAboutRES 083007-C - Property Tax IncreaseRESOLUTION NO. 0
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A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN,
TEXAS, RATIFYING THAT THE ADOPTION OF THE 2007/08 ANNUAL
OPERATING PLAN WILL REQUIRE RAISING MORE REVENUE FROM
PROPERTY TAXES THAN IN THE PREVIOUS YEAR.
WHEREAS, the Legislature of the State of Texas has amended Section 102.007 of the Local
Government Code: and
WHEREAS, a separate vote of the City Council is required to ratify that the adoption of the
2007/08 Annual Operating Plan will require raising more revenue from property taxes than the
previous year; and
WHEREAS, this resolution represents such action;
N OW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
GEORGETOWN TEXAS THAT:
S ECTION 1. The facts and recitations contained in the preamble of this resolution are
hereby found and declared to be true and correct, and are incorporated by reference herein and
expressly made a part hereof, as if copied verbatim. The City Council hereby finds that this
resolution implements the following policy of the Century Plan - Policy Plan Element
1. Finance Policy Statement 13.0, which states: "Ail municipal operations are conducted
in an efficient business -like manner and sufficient financial resources for both current and
future needs are provided",
and further finds that the enactment of this resolution is not inconsistent or in conflict with any other
Century Plan Policies, as required by Section 2.03 of the Administrative Chapter of the Policy Plan.
S ECTION 2. The 2007 notification statement that "This Budget will raise more total
property taxes than last year's budget by $1,567,207 or 17.9%, and of that amount $1,199,045 is tax
revenue to be raised from new property added to the tax roll this year.
S ECTION 3. The Mayor is hereby authorized to sign this resolution and the City Secretary
to attest. This resolution shall be effective immediately upon adoption.
RESOLVED this 30th day of August, 2007.
ATTE
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'Sandra Lee
City Secretary
APPROVED AS TO FORM:
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Y./L
Patricia Carls, Brown & Carls, LP
City Attorney
Res. 0 6 30 01 C
Resolution to ratify tax increase
P:IAGENDA12007IBudget\Adoption1RatifyTaxRa te. res. doc
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TH CCITY. F GEORGETOWN:
-`By: G
MAY `o R
Y NELON