O-2008-3102 Passed/establish Tax Rate for 2008-2009 FY; $.71 cents for hundred dollar valuation

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2008 Rollback Tax Rate Worksheet Entity Name: City of La Porte Date: 09/4/2008 See pages 17 to 21 of the Texas Comptroller's 2008 Truth-In- Taxation Manual for an explanation of the rollback tax rate 26. 2007 maintenance and operations (M&O) tax rate. (/$100) 27. 2007 adjusted taxable value. Enter the amount from line 11. 28. 2007 M&O taxes. A. Multiply line 26 by line 27 and divide by $100. B. Cities, counties and hospital districts with additional sales tax: Amount of additional sales tax collected and spent on ~O expenses in 2007. Enter amount from full yeats sales tax revenue spent for M&O in 2007 fiscal year, if any. Other units, enter "0." Counties exclude any amount that was spent for economic development grants from the amount of sales tax spent C. Counties: Enter the amount for the state criminal justice mandate If second or later year, the amount is for increased cost above last year's amount Other units, enter "0." D. Transferring function: If discontinuing all of a departmen~ function or activity and transferring it to another unit by written contract enter the amount spent by the unit discontinuing the function in the 12 months preceding the month of this calculation If the unit did not operate this function for this 12-month period, use the amount spent in the last full fiscal year in which the unit operated the function. The unit discontinuing the function will subtract this amount in H below. The unit receiving the function will add this amount in H below. Other units, enter "0." E. Taxes refunded for years preceding tax year2007: Enter the amount of M&O taxes refunded during the last budget year for tax years preceding tax year 2007. Types of refunds include court decisions, Section 25.25(b) and (c) corrections and Section 31.11 payment errors. Do not include refunds for tax year2007. This line applies only to tax years preceding tax year2007. F. Enhanced indigent health care expenditures: Enter the increased amount for the current yeats enhanced indigent health care expenditures above the preceding tax yeats enhanced indigent health care expenditures, less any state assistance. G. Taxes in tax increment financing (TIF): Enter the amount of taxes paid into the tax increment fund for a reinvestment zone as agreed by the taxing unit If the unit has no 2008 captured appraised value in Line 16D, enter "0." H. Adjusted M&O Taxes. Add A, B, C, E and F. For unit with D, subtract if discontinuing function and add if receiving function Subtract G. 29. 2008 adjusted taxable value. Enter line 23 from the Effective Tax Rate Worksheet 30. 2008 effective maintenance and operations rate Divide line 28H by line 29 and multiply by $100. 31. 2008 rollback maintenance and operation rate. County, cities and others: Multiply line 30 by 1.08. (See lines 49 to 52 for additional rate for pollution control expenses.) (/$100) 0.611 $1,939,018,218 $11,847,401 $0 $0 $0 $59,266 $0 $30,701 $11,875,966 $1,942,590,597 0.611 0.659 Truth In Taxation - May 2008 1 Page: