O-2002-2585 - Laserfiche WebLink

Browse Search

e e Statement of Increase/Decrease . If City of La Porte adopts a 2002 lax rate equal to the effective tax rate ofSO.717 per $100 of value, taxes would increase compared to 2001 taxes by $210,420. Schedule A Unencumbered Fund Balances The following estimated balances will be left in the unit's property tax accounts at the end of the fiscal year, These balances are not encumbered by a corresponding debt obligation. Type of Property Tax Fund General Fund Debt Service Fund Balance $6,494,950 $1,530,281 Schedule B 2002 Debt Service The unit plans to pay the following amounts for long-tenn debts that are secured by property taxes. These amounts will be' paid from property tax revenues (or additional sales tax revenues, if applicable). Principal or Interest to be Contract Payment Paid from Other to be Paid from Property Amounts Total Property Taxes Taxes to be Paid Payment $75,000 $2,625 $0 $77,625 $1,090,000 $125,305 SO SI,215,305 SI25,OOO S99,844 SO S224,844 SO S315,344 SO S301,050 SO S279,878 S2,414,045 SO $350,050 SO S2,063,995 SO S2,063 ,995 This notice contains a summary of actual effective and rollback lax rates' calculations. You can inspect a copy of the full calculations at 604 W Fainnont Parkway, La Porte, Texas 77571. Description of Debt General Operating Bonds 1990 General Operating Refunding Bonds 1994 General Operating Bonds 1998 General Opera ling Bonds 2000 Certificate of Obligations Bonds 2000 General SO S279,878 Operating Bonds 2002 Total required for 2002 debt service - Amount (if any) paid from funds listed in Schedule A - Amount (ifany) paid from olher resources - Excess colleclions last year = Total to be paid from taxes in 2002 + Amount added in anticipation that Ihe unit will colIect only 100.00% of its taxes in 2002 = Total debt levy S 150,000 SI65,344 Name of person preparing this notice: Katherine R, Powell Title: Tax Manager Date prepared: August 13,2002 $150,000 S151,050