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HomeMy WebLinkAboutORD 2022-68 - Levy Tax RateORDINANCE NUMBER �2.0a-%g AN ORDINANCE LEVYING A TAX RATE FOR THE CITY OF GEORGETOWN, TEXAS, FOR THE TAX YEAR 2022; REPEALING CONFLICTING ORDINANCES AND RESOLUTIONS; INCLUDING A SEVERABILITY CLAUSE; AND ESTABLISHING AN EFFECTIVE DATE. WHEREAS, the City of Georgetown, Texas is an incorporated Home Rule city dependent upon taxes to provide its citizens with services; and and WHEREAS, the City of Georgetown, Texas published the required notices; and WHEREAS, the City of Georgetown, Texas held a public hearing on August 23, 2022; WHEREAS, all notification and public hearing requirements have been satisfied; and WHEREAS, the City Council finds it necessary to levy taxes for the 2023 fiscal year for the City of Georgetown, Texas; and WHEREAS, this tax rate will raise more taxes for maintenance and operations than last year's tax rate; and WHEREAS, the tax rate will effectively be raised by positive 3.85 percent and will raise taxes for maintenance and operations on a $100,000 home by approximately positive $4.89; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, THAT: SECTION 1. The facts and recitations contained in the preamble of this ordinance 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. SECTION 2. The City Council of the City of Georgetown (the "City Council") hereby finds that all the prerequisites to the levying of a tax rate for this City for the tax year 2022, (including, without limitation, certifications, notices, submittals, and public hearings) as required by law have been complied with. SECTION 3. The City Council does hereby levy and adopt the tax rate on $100 valuation for the tax year 2022 as follows: $0.132190 for the purpose of maintenance and operation Ordinance No. Page 1 of 2 Description: Levy Tax Rate for Tax Year 2022 Date Approved: September 13, 2022 0.241810 for the principal and interest on debt of this city 74 total tax rate SECTION 4. If any section, paragraph, clause, phrase, or provision of this Ordinance shall be adjudged invalid or held unconstitutional, the same shall not affect the validity of this Ordinance as a whole or any part or provision thereof other than the part so declared to be invalid or unconstitutional. SECTION 5. This Ordinance shall become effective in accordance with the City Charter of the City of Georgetown, Texas. PASSED AND APPROVED on First Reading on the 23rd day of August 2022. PASSED AND APPROVED on Second Reading on the 13th day of September 2022. ATTEST: Robyn Hensmore City Secretary APPROVED AS TO FORM: Skye Mass n City Attorney Ordinance No. 7V27_-U6 Page 2 of 2 Description: Levy Tax Rate for Tax Year 2022 Date Approved: September 13, 2022