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<br />UXAS MUNICIPAL REPORTS
<br />
<br />Compiled end Publi,h.d by
<br />MUNIOPAL ADVISORY COUNCILo/TEXAS
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<br />FINANCIAL STATElImNT (As of September 30, 1976)
<br />Assessed Valuation, 1976 (49.08% of Actual*).
<br />
<br />$128,240,304
<br />
<br />PAYMENT RECORD The city has never defaulted on Revenue Bonds.
<br />and except of $9.225 of warrants which were in detll ult in
<br />1938 while in litigation, has not defaulted on General
<br />Oblige tion Bonds since 1934 when there was a general re-
<br />funding a t par with a reduction in interest ra te.
<br />
<br />General ObliRation Debt
<br />General Purpose Bonds)
<br />WWks &: S Sys Bels ) $202.432
<br />Comb Tax &: Rev Bels )
<br />Totals $~02.4~
<br />Less: Se~f-Supptng Debt $ 58,895
<br />Applicable I&:S Fd 116.500 775.395
<br />Net Debt (0.61% of A.V. - $74.55 per capita)
<br />
<br />I&:S Fund
<br />
<br />OUtB tandinR
<br />$ 563,566
<br />31.434
<br />957.000
<br />$1,552,000
<br />
<br />CITY OF LA PORTE
<br />Harris County
<br />February 23, 1917
<br />
<br />SE
<br />
<br />MAP OF HARRIS COUNTY
<br />SHOWING LOCATION OF
<br />CITY OF LA PORTE
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<br />CII, L101U
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<br />______c." traIT.
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<br />Assessed
<br />Valuation
<br />
<br />TAX DATA Due October 1; delinquent after January 31. No
<br />split payments allowed. No discounts allowed.
<br />
<br />Tax
<br />Year
<br />
<br />Tax
<br />B!ll
<br />
<br />$ 776.605
<br />
<br />PopUlation: 1960-4,512; 1970-7,149; 1915-10,417 Est.
<br />
<br />1971
<br />1972
<br />1973
<br />1914
<br />1915
<br />1976
<br />
<br />$ 58,857,775 $0.92
<br />63,985,372 .92
<br />100,134,366* .92
<br />109,188,168 .92
<br />113,841.135 .92
<br />128,240.304 .92
<br />
<br />SDecia1 Ob1i2ation Debt
<br />Waterworks &: Sewer System Bonds
<br />Airport Revenue Bonds .
<br />SDecial Fund Balances
<br />I&:S Fund
<br />Reserve Fund
<br />Contingency Fd
<br />
<br />$ 320,000
<br />37,000
<br />
<br />WWks &: S SYs Ail'1lort Rev
<br />$27,999 $3,009
<br />87~ 102 6,300
<br />55,523 -X-
<br />
<br />1$ Collections
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<br />Year
<br />Endp:
<br />
<br />9-30-72
<br />9-30-73
<br />9-30-74
<br />9-30-15
<br />9-30-76
<br />collection)
<br />
<br />97.27 100.52
<br />96.91 99.06
<br />98.36 100.34
<br />91.04 98.12
<br />91.21 99.32
<br />(In process of
<br />
<br />*Increase in assessed value due to partial annexation of
<br />industrial districts under renegotiated contracts.
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<br />*As reported by Tax Research Association, Houston, Texas,
<br />based on actual survey.
<br />
<br />Tax Rate Limitations Article XI, Section 5 of Texas Consti-
<br />tution, applicable to cities of more than 5,000 population:
<br />$2.50 per $100 assessed valuation, City operates under a
<br />Home Rule Charter which adopts constitutional provisions.
<br />
<br />The information cQlltained in thia Texas Municipal Report has been obtained from diverse sources. 'lbese sources are usually reliable, but neither
<br />their ccapleteness, accura~ or validity is guaranteed by the publisher. 'lbe origin of such material and the basis for its publication will be
<br />made available upon request.
<br />
<br />DIe Texas Municipal Report is designed to contain information which may be usef'ul and helpf'ul to members of the Municipal Advisory Council in
<br />evaJ.uating the IIIUIlicipal securities of the issuer to which it applies. However, 11ml.tations of expense, available data, alld technical starr
<br />necessar1~ mean tbat the information contained in the Texas Municipal Report is substantially less than all the in1'ol'llllltion needed to reach
<br />a decision with respect to the purchase or sale of BIG' IIIUIlicipal security. 'lbe Texas Municipal Report is DOt designed as a sellina dOCWllent.
<br />The Texas Municipal Report, if not used in conjunction with other information available from the issuer, can be lIl1sJ.eadina. Complete informa-
<br />tion to support a decision to purchase or sell a IIIUIlicipal security should be obtained from the issuer or its authorized representative.
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<br />Much of the informatiQII cQllta1ned in the Texas Municipal Report is a matter of interpretatiQII. The starr of the J.lJn1cipal Advisory Council of
<br />Texas is available to discuss their method of interpretation of BIG' such information. Some of the methods used to compile the Texas Municipal
<br />Reports, and the interpretations DBde, are arbitrary, and may differ from methods and interpretations used by others. In that cOllllection the
<br />I6m1cipal Advisory Council publishes a lIlIUIIIlll lJIltlin1na the methods used in compilation of the Texas Municipal Reports.
<br />
<br />'1'he information contained in the Texas I6m1cipal Report is believed to be correct as Of the date or dates indicated, but it is to be understood
<br />that Slllllll of the 1nf'orDBtion will chan8e with the passage of tima.
<br />
<br />AL~ IUQMn ...
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