HomeMy WebLinkAboutO-2005-2838
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ORDINANCE NO. 05- ~g.3t
AN ORDINANCE LEVYING TAXES UPON TAXABLE PROPERTY LOCATED WITHIN AND SUBJECT TO
TAXATION IN THE CITY OF LA PORTE, TEXAS; MAKING APPROPRIATIONS FOR SUPPORT,
MAINTENANCE, AND IMPROVEMENT OF THE CITY GOVERNMENT OF SAID CITY OF LA PORTE;
FINDING THAT ALL REQUIRED NOTICES HAVE BEEN PUBLISHED AND ALL REQUIRED HEARINGS
HELD; CONTAINING A REPEALING CLAUSE; CONTAINING A SEVERABILITY CLAUSE; FINDING
COMPLIANCE WITH THE OPEN MEETINGS LAW; AND PROVIDING AN EFFECTIVE DATE HEREOF.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTE
Section 1. That there is hereby levied for the fiscal year beginning October 1, 2005, and ending September
30, 2006, on all real property situated and all personal property owned within the taxable limits of the said
City of La Porte, on the first day of January, 2005, except so much as may be exempt under the constitution
and laws of the United States, this State, and the City of La Porte, the following taxes:
(1) An Ad Valorem Tax of and at the rate of sixty-one and two-tenths cents ($.613) on the one
hundred dollars ($100.00) cash value thereof, estimated in lawful currency of the United
States for the current expenses for the support, maintenance, and improvement of the City
Government of said City of La Porte; and
(2) An Ad Valorem Tax of and at the rate of nine and eight-tenths cents ($.097) on the one
hundred dollars ($100.00) cash value thereof, estimated in lawful currency of the United
States, to pay current interest on and provide one year's sinking fund and to pay all of the
Principal and Interest accruing on all outstanding general obligation bonds and certificates
of obligation lawfully issued by the City of La Porte.
That this provides the sum of total Ad Valorem tax at the rate of seventy-one cents ($.71) on the one
hundred dollars ($100.00) cash value thereof, estimated in lawful currency of the United States.
Section 2. All property upon which a rate of taxation is hereinabove levied shall be assessed on a ratio of
one hundred percent (100%) of the estimated market value thereof.
Section 3. That the sums hereinafter accruing and collected from the hereinabove taxes so levied be and
the same are hereby appropriated for the support, maintenance, and improvement of the City Government
of the City of La Porte.
Section 4. The City Council officially finds, determines, recites and declares that all notices required by law
have been published, and that a public hearing as required by law was duly called and held, and that all
matters prerequisite to the establishment and levy of an ad valorem tax have been accomplished, all as
required by the laws of the State of Texas, and the Home Rule Charter of the City of La Porte.
Section 5. If any section, sentence, phrase, clause, or any part of any section, sentence, phrase, or clause,
of this Ordinance shall, for any reason, be held invalid, such invalidity shall not affect the remaining
portions of this Ordinance, and it is hereby declared to be the intention of this City Council to have passed
each section, sentence, phrase, or clause, or part thereof, irrespective of the fact that any other section,
sentence, phrase, or clause, or part thereof, may be declared invalid.
Section 6. All ordinances or parts of ordinances in conflict herewith are hereby repealed to the extent of
such conflict only.
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Section 7. The City Council officially finds, determines, recites and declares that a sufficient written notice
of the date, hour, place, and subject of this meeting of the City Council was posted at a place convenient to
the public at the City Hall of the City for the time required by law preceding this meeting, as required by the
Open Meetings Law, Chapter 551, Texas Government Code; and that this meeting has been open to the
public as required.
Section 8. This Ordinance shall be in effect from and after its passage and approval.
PASSED AND APPROVED this the 1ih day of September, 2005.
cyry OF LA P~E, TEXAS
~L:~~
Alton Porter, Mayor
ATTEST:
~OVED:
L/y U/ (2&.,4.~
Knox Askins, City Attorney 4 ~ T ~
a 2005 Property Tax Rates in City of La Porte a
This noti.ncems 2005 property tax rates for City of La Port. presents
infonnation about three tax rates. Last year's tax rate is the actual rate the taxing unit
used to detennine property taxes last year. This year's effective tax rate would
impose the same total taxes as last year if you compare propertiestaxed in both years.
This year's rollback tax rate is the highest tax rate the taxing unit can set before
taxpayers can start tax rollback procedures. In each case these rates are found by
dividing the total amount of taxes by the tax base (the total value of taxable property)
with adjustments as required by state law. The rates are given per $ I 00 of property
value.
Last year's tax rate:
Last year's operating taxes
Last year's debt taxes
Last year's total taxes
Last year's tax base
Last year's total tax rate
This year's effective tax rate:
Last year's adjusted taxes
(after subtracting taxes on lost prope~
+ This year's adjusted tax base
(after subtracting value of new prope~
= This year's effective tax rate 0.712/$100
(Maximum rate unless unit publishes notices and holds hearings.)
This year's rollback tax rate:
Last year's adjusted operating taxes (after
subtracting taxes on lost property and adjusting
for any transferred function, tax increment
fmancing, and/or enhanced indigent health care
expenditures)
+ This year's adjusted tax base
= This year's effective operating rate
x 1.08 = this year's maximum operating rate
+ This. year's debt rate
= This year's total rollback rate
$ 10,108,481
$ 1,618,678
$ 11,727,159
$ 1,651,712,535
0.710/$100
$ 11,585,410
$ 1,625,068,600
$ 9,983,005
$ 1,625,068,600
0.614/$100
0.663/$100
0.097/$100
0.760/$100
Statement of IncreaselDecrease
If City of La Porte adopts a2005 tax rate equal to the. effective tax rate of $).712 per
$100 of value, taxes would decrease compared t02004 taxes by $34,681.
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
Schedule B -.2005 Debt Service
Balance
$7,102,252
$1,304,595
The unit plans to pay the following amounts for longtenn debts that are secured by
property tA These amounts will be paid from property tax revenue~ditional
sales tax r_es, if applicable). W
Principal or Interest to be
Contract Payment Paid from Other
Description to be Paid from Property Amounts Total
of Debt Property Taxes Taxes to be Paid Payment
1998 General $125,000 $76,406 $0 $201,406
Obligation Bonds
2000 General $150,000 $133,844 $0 $283,844
Obligation Bonds
2000 Certificate of $150,000 $119,550 $0 $269,550
Obligation Bonds
2002 General $270,000 $234,158 $0 $504,158
Obilgation Bonds
2004 Certificate of $200,000 $270,510 $0 $470,510
Obligation Bonds
2005 General $240,000 $321,329 $0 $561,329
Obligation Bonds
2005 Certificate of $60,000 $70,955 $0 $130,955
Obligation Bonds
Total Required for2005 Debt Service $2,421,752
- Amount (if any) paid from funds listed in Schedule A $76,386
- Amount (if any) paid from other resources $740,060
- Excess collections last year $0
= Total to be paid from taxes in2005 $1,605,306
+ Amount added in anticipation that the unit will $0
collect only 100.00% of its taxes in 2005
= Total Debt Levy $1,605,306
This notice contains a summary of actual effective and rollback tax rates' calculations
You can inspect a copy of the full calculations at604 W. Fainnont ParJ..-way, La Porte,
TX 77571.
Name of person preparing this notice: Katherine R Powell
Title: Tax Manager
Date Prepared: September 6, 2005
2W Effective Tax Rate Wor.eet
Entity Name: City of La Porte Date: 09/6/2005
See pages 15 to 18 of the Texas Comptroller's 2005 Truth-in-Taxation Manual for an explanation of the effective tax rate.
Note: School districts are not required to publish an effective tax rate. School districts may complete this worksheet, at
their option, or may skip to the Rollback Tax Rate Worksheet
1
. 2004 total taxable value. Enter the amount of2004 taxable value on the 2004 tax $1,644,798,700
roll today. Include any adjustments since last year's certification; exclude Section
25.25(d) one-third over-appraisal corrections from these adjustments. This total
includes the taxable value of homesteads with tax ceilings(will deduct in line 2)
and the captured value for tax increment fmancing(wiIl deduct taxes in line 14).
. 2004 tax ceilings. School Districts, Counties, Cities and Junior College Districts. $0
Enter 2004 total taxable value of.homesteads with tax ceilings These include
the homesteads of homeowners age 65 or older or disabled. Other units enter "0"
If your taxing units adopted the tax ceiling provision in2004 for homeowners
age 65 or older or disabled, use this step.
Preliminary 2004 adjusted taxable value. Subtract line 2 from line 1. $1,644,798,700
2004 total adopted tax rate. (/$100) 0.710
2004 taxable value lost because court appeals of ARB decisions reduced 2004
appraised value.
A. Original 2004 ARB values: $7,192,540
B. 2004 values resulting from fmal court decisions: $6,722,300
c. 2004 value loss. Subtract B from A. $470,240
2004 taxable value, adjusted for court-ordered reductions. Add line 3 and line 5 $1,645,268,940
C.
2004 taxable value of property in territory the unit deannexed after January 1, $0
2004. Enter the 2004 value of property in deannexed territory.
2004 taxable value lost because property first qualified for an exemption in2005
. Note that lowering the amount or percentage of an existing exemption does not
create a new exemption or reduce taxable value. If the taxing unit increased an
original exemption, use the difference between the original exempted amount
and the increased exempted amount Do not include value lost due to freeport
exemptions or tax abatements.
A. Absolute exemptions. Use 2004 market value: $969,750
B. Partial exemptions. 2005 exemption amount or2005 percentage $17,465,320
exemption times 2004 value:
c. Value loss. Add A and B. $18,435,070
2004 taxable value lost because property frrst qualified for agricultural appraisal
(l-d or I-d-l), timber appraisal, recreational/scenic appraisal or public access
airport special appraisal in 2005. Use only those properties that first qualified in
2005; do not use properties that qualified in 2004.
A. 2004 market value: $0
B. 2005 productivity or special appraised value: $0
c. Value loss. Subtract B from A. $0
Total adjustments for lost value. Add lines 7, 8C and 9C. $18,435,070
2004 adjusted taxable value. Subtract line 10 from line 6. $1,626,833,870
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3.
4.
5.
6.
7.
8.
9.
10.
11.
,- - -- . - -
. - :TT"!l!h In-Taxation -- July 2005
Page: -
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2W Effective Tax Rate Workwet
Entity Name: City of La Porte
12
13
14.
. Adjusted 2004 taxes. Multiply line 4 by line 11 and divide by $100. $11,550,520
. Taxes refunded for years preceding tax year2004. Enter the amount of taxes $45,750
refunded during the last budget year for tax years preceding tax year2004.
Types of refunds include court decisions, Section25.25(b) and (c) corrections
and Section 31.11 payment errors. Do not include refunds for tax year2004.
This line applies only to tax years preceding tax year2004.
Taxes in tax increment fmancing (T.IP) for tax year 2004. Enter the amount of $10,860
taxes paid into the tax increment fund for a reinvestment zone as agreed by the
taxing unit If the unit has no 2005 captured appraised value in Line 16D, enter
"0." This does not apply to school districts.
Adjusted 2004 taxes with refunds. Add lines 12 and 13, subtract line 14. $11,585,410
Total 2005 taxable value on the 2005 certified appraisal roll today. This value
includes only certified values and includes the total taxable value of homesteads
with tax ceilings (will deduct in line 18). These homesteads includes
homeowners age 65 or older or disabled.
A. Certified values only: $1,574,061,801
B. Counties: Include railroad rolling stock values certified by the $0
Comptroller's office:
c. Pollution control exemption: Deduct the value of property exempted $0
for the current tax year for the first time as pollution control property
(use this line based on attorney's advice):
D. Tax increment fmancing Deduct the 2005 captured appraised value $10,860
of property taxable by a taxing unit in a tax increment financing zone
for which the 2005 taxes will be deposited into the tax increment
fund Do not include any new property value that will be included in
line 21 below. Step D does not apply to school districts.
E. Total 2005 value. Add A and B, then subtract C and D. $1,574,050,941
Total value of properties under protest or not included o~ certified appraisal roll
A. 2005 taxable value of properties under protest The chief appraiser $68,151,048
certifies a list of properties still under ARB protest The list shows
the district's value and the taxpayer's claimed value, if any or an
estimate of the value if the taxpayer wins For each of the properties
under protest, use the lowest of these values. Enter the total value.
B. 2005 value of properties not under protest or included on certified $0
appraisal roll. The chief appraiser gives taxing units a list of those
taxable properties that the chief appraiser knows about but are not
included at appraisal roll certification. These properties also are not
on the list of properties that are still under protest On this list of
properties, the chief appraiser includes the market value, appraised
value and exemptions for the preceding year and a reasonable
estimate of the market value, appraised value and exemptions for the
current year. Use the lower market, appraised or taxable value (as
appropriate). Enter the total value.
c. Total value under protest or not certified Add A and B. $68,151,048
Date: 09/6/2005
15.
16.
17.
.Truthl;, Taxation - July 2005-.'
Page:
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2W Effective Tax Rate WorIWet
Entity Name: City of La Porte
18.
19.
20.
2005 tax ceilings. Enter 2005 total taxable value of homesteads with tax ceilings $0
. These include the homesteads of homeowners age65 or older or disabled.
Other units enter "0." If your taxing units adopted the tax ceiling provision in
2004 for homeowners age 65 or older or disabled, use this step.
2005 total taxable value. Add lines 16E and 17C. Subtract line 18. $1,642,201,989
Total 2005 taxable value of properties in territory annexed after January 1, 2004. $0
Include both real and personal property. Enter the 2005 value of property in
territory annexed, including any territory annexed by the school district
Total 2005 taxable value of new improvements and new personal property $17,133,389
located in new improvements. "New" means the item was not on the appraisal
roll in 2004. An improvement is a building, structure, fixture or fence erected on
or affixed to land A transportable structure erected on its owner's land is also
included unless it is held for sale or is there only temporarily. New additions to
existing improvements may be included if the appraised value can be determined
. New personal property in a new improvement must have been brought into the
unit after January 1, 2004 and be located in a new improvement New
improvements do include property on which a tax abatement agreement has
expired for 2005. New improvements do not include mineral interests produced
for the frrst time, omitted property that is back assessed and increased appraisals
on existing property.
Total adjustments to the 2005 taxable value. Add lines 20 and 21. $17,133,389
2005 adjusted taxable value. Subtract line 22 from line 19. $1,625,068,600
2005 effective tax rate. Divide line 15 by line 23 and multiply by $100. (/$100) 0.712
COUNTIES ONLY. Add together the effective tax rates for each type of tax the
county levies. The total is the 2005 county effective tax rate. (/$100)
Date: 09/6/2005
21.
22.
23.
24.
25.
A county, city or hospital district that adopted the additional sales tax in August or November2004 or in January or May 2005 must
adjust its effective tax rate. The Additional Sales Tax Rate Worksheet on page 48 of the Texas Comptroller's 2005 Truth-in- Taxation
Manual sets out this adjustment Do not forget to complete the Additional Sales Tax Rate Worksheet if the taxing unit adopted the
additional sales tax on these dates.
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"Truth 1'2 Tnva!!!)n -:-. July 2005. ~ -- - -
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2. Rollback Tax Rate Work*et
Entity Name: City of La Porte
2
2
2
29.
6. 2004 maintenance and operations (M&O) tax rate. (/$100) 0.612
7. 2004 adjusted taxable value. Enter the amount from line 11. $1,626,833,870
8. 2004 M&O taxes.
A. Multiply line 26 by line 27 and divide by $100. $9,956,223
B. Cities, counties and hospital districts with additional sales tax: $0
Amount of additional sales tax collected and spent on M&O
expenses in 2004. Enter amount from full year's sales tax revenue
spent for M&O in 2004 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 $0
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 department, function $0
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 year2004: Enter the amount $37,642
of M&O taxes refunded during the last budget year for tax years
preceding tax year 2004. 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 year2004. This line applies
only to tax years preceding tax year2004.
F. Enhanced indigent health care expenditures: Enter the increased $0
amount for the current year's enhanced indigent health care
expenditures above the preceding tax year's enhanced indigent health
care expenditures, less any state assistance.
G. Taxes in tax increment fmancing(TIF): Enter the amount of taxes $10,860
paid into the tax increment fund for a reinvestment zone as agreed by
the taxing unit If the unit has no 2005 captured appraised value in
Line 16D, enter "0." This does not apply to school districts.
H. Adjusted M&O Taxes. Add A, B, C, E and F. For unit with D, $9,983,005
subtract if discontinuing function and add if receiving function
Subtract G.
SCHOOL DISTRICTS ONLY: Complete the Texas Education Agency's $0
worksheet entitled Worksheet to Assist Districts in Calculating Rollback Rate
Enter amount on line 44 of the TEA worksheet for the 2005-06 M&O
component
Date: 09/6/2005
~Truth-In-Taxation --:::. July 200~.
Page:
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2W Rollback Tax Rate Wor1ret
Entity Name: City of La Porte
3
31.
o. 2005 adjusted taxable value.
A. Enter line 23 from the Effective Tax Rate Worksheet School $1,625,068,600
districts: Enter line 19. If a school district did not complete the
Effective Tax Rate Worksheet, the school district does the following
steps (1) to (5) below.
At. Total 2005 taxable value on the 2004 certified appraisal roll today. $0
This value includes only certified values and includes the taxable
value of homesteads with school tax ceilings for homeowners age65
or older or disabled. Include also the taxable value in reinvestment
zone, but remember that the unit will deposit a portion of the taxes to
a special tax increment fund
A2. Total 2005 taxable value of properties under protest The chief $0
appraiser certifies a list of properties still under ARB protest The
list shows the district's value and the taxpayer's claimed value, if any
or an estimate of the value if the taxpayer wins For each of the
properties under protest, use the lowest of these values. Enter the
total value.
A3. Total 2005 value of properties not under protest or included on $0
certified appraisal roll. The chief appraiser gives taxing units a list
of those taxable properties that the chief appraiser knows about but
are not included at the time of appraisal roll certification These
properties also are not on the list of properties that are still under
protest. On this list, the chief appraiser includes the market value,
appraised value and exemptions for the preceding year and a
reasonable estimate of the market value, appraised value and
exemptions for the current year. Use the lower market, appraised or
taxable value (as appropriate). Enter the total value.
A4. 2005 taxable value of homesteads with tax ceilings. This includes $0
homeowners age 65 or older or disabJed.
AS. 2005 taxable value. Add lines (1), (2) and (3) and subtract (4) and
enter above at A.
B. School districts: Subtract the 2005 captured appraised value of real $0
property taxable by the school district in a tax increment financmg
zone for which the 2005 taxes will be deposited into the tax
increment fund Also, subtract any new property value that is subject
to a Chapter 313 tax limitation agreement Other units, enter "0."
c. Adjusted taxable value. Subtract B from A. $1,625,068,600
2005 effective maintenance and operations rate. Divide line 28H by line 30C 0.614
and multiply by $100. School districts: Divide line 29 by line 30C and multiply
by $100. (/$100)
2005 rollback maintenance and operation rate. County, cities and others: 0.663
Multiply line 31 by 1.08. School districts: Add $0.06 to line 31. (See lines 50 to
53 for additional rate for pollution control expenses and lines 54 to 57 for
additional rate for school employee health program) (/$100)
Date: 09/6/2005
32.
Tr:fithl"l'axatiof.z -:-=- July-1005-
Page: --.
2 - .
2W Rollback Tax Rate Wor~et
Entity Name: City of La Porte
33
34
. Total 2005 debt to be paid with property taxes and additional sales tax revenue $1,605,306
"Debt" means the interest and principal that will be paid on debts that
(1) are paid by property taxes,
(2) are secured by property taxes,
(3) are scheduled for payment over a period longer than one year and
(4) are not classified in the unit's budget as M&O expenses.
Debt also includes contractual payments to other taxing units that have incurred
debts on behalf of this taxing unit, ifthose debts meet the four conditions above
Include only amounts that will be paid from property tax revenue(or additional
sales tax revenue). Do not include appraisal district budget payments. List the
debt in "Schedule B: Debt Service." If using unencumbered funds, subtract
unencumbered fund amount used from total debt and list remainder School
districts do not have a Schedule B requirement School districts subtract state
aid received for paying principal and interest on debt for facilities through the
existing debt allotment (EDA) program and/or instructional facilities allotment (
IFA) program.
. Certified 2004 excess debt collections: Enter the amount certified by the $0
collector.
. Adjusted 2005 debt. Subtract line 34 from line 33. $1,605,306
. Certified 2005 anticipated collection rate. Enter the rate certified by the 100.00%
collector. If the rate is 100 percent or greater, enter 100 percent.
2005 debt adjusted for collections. Divide line 35 by line 36. $1,605,306
2005 total taxable value. Enter the amount on line 19. School districts: Enter $1,642,201,989
line 30C.
2005 debt tax rate. Divide line 37 by line 38 and multiply by $100. (/$100) 0.097
2005 rollback tax rate. Add lines 32 and 39. (/$100) 0.760
COUNTIES ONLY. Add together the rollback tax rates for each type of tax the
county levies. The total is the 2005 county rollback tax rate.
Date: 09/6/2005
35
36
37.
38.
39.
40.
41.
A taxing unit that adopted the additional sales tax must complete the lines for the Additional Sales Tax Rate A taxing unit
seeking additional rollback protection for pollution control expenses completes the Additional Rollback Protection for
Pollution Control. A school district seeking additional rollback protection for expenses with the school employee health
program completes the Additional Rollback Protection for School Employee Health Program
. .' Truth In TO?',!~ion :-:-=- JuJy 2.00.5
..Page:
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REQUEST FOR CITY COUNCIL AGENDA ITEM
Appropriation
Requested By: C nthia B. Alexander
of Funds: N/A
Department: Finance
Account Number: N/A
Report:
Resolution:
Ordinance: XX
Amount Budgeted: N/A
Exhibits:
Amount Requested: N/A
Budgeted Item: YES NO
Exhibits:
Exhibits:
SUMMARY & RECOMMENDATION
The Fiscal Year 2005-06 Budget was built around a tax rate of 71 cents per hundred dollar valuation.
A breakdown of the tax rate is as follows:
General Fund = .613 cents per hundred dollar valuation
Debt Service = .097 cents per hundred dollar valuation
The tax rate of 71 cents is the same rate that has been adopted for the last seventeen years.
The Effective Tax Rate = .712 cents per hundred dollar valuation, which is the maximum rate without
advertisements and a public hearing.
The amount of revenue generated for the General Fund is $9,504,264. This is $134,666 less than what
was budgeted; the amount in property tax. reserve is $150,136.
Action Required bv Council:
Approve Ordinance establishing the tax rate for Fiscal Year 2005-06 at 71 cents per hundred dollar
valuation.
Approved for City Council Aeenda
C/",& r().:J
Date
ORDINANCE NO. 05- ~<i31
"rAtJ1 ~q
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AN ORDINANCE LEVYING TAXES UPON TAXABLE PROPERTY LOCATED WITHIN AND SUBJECT TO
TAXATION IN THE CITY OF LA PORTE, TEXAS; MAKING APPROPRIATIONS FOR SUPPORT,
MAINTENANCE, AND IMPROVEMENT OF THE CITY GOVERNMENT OF SAID CITY OF LA PORTE:
FINDING THAT ALL REQUIRED NOTICES HAVE BEEN PUBLISHED AND ALL REQUIRED HEARINGS
HELD; CONTAINING A REPEALING CLAUSE; CONTAINING A SEVERABILITY CLAUSE; FINDING
COMPLIANCE WITH THE OPEN MEETINGS LAW; AND PROVIDING AN EFFECTIVE DATE HEREOF.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTE
Section 1. That there is hereby levied for the fiscal year beginning October 1, 2005, and ending September
30, 2006, on all real property situated and all personal property owned within the taxable limits of the said
City of La Porte, on the first day of January, 2005, except so much as may be exempt under the constitution
and Jaws of the United States, this State, and the City of La Porte, the following taxes:
(1) An Ad Valorem Tax of and at the rate of sixty-one and two-tenths cents ($. ) on the
one hundred dollars ($100.00) cash value thereof, estimated in lawful currency of the United
States for the current expenses for the support, maintenance, and improvement of the City
Government of said City of La Porte; and
(2) An Ad Valorem Tax of and at the rate of nine and eight-tenths cents ($. ) on the one
hundred dollars ($100.00) cash value thereof, estimated in lawful currency of the United
States, to pay current interest on and provide one year's sinking fund and to pay all of the
Principal and Interest accruing on all outstanding general obligation bonds and certificates
of obligation lawfully issued by the City of La Porte,
That this provides the sum of total Ad Valorem tax at the rate of seventy-one cents ($.71) on the one
hundred dollars ($100.00) cash value thereof, estimated in lawful currency of the United States.
Section 2. All property upon which a rate of taxation is hereinabove levied shall be assessed on a ratio of
one hundred percent (100%) of the estimated market value thereof.
Section 3. That the sums hereinafter accruing and collected from the hereinabove taxes so levied be and
the same are hereby appropriated for the support, maintenance. and improvement of the City Government
of the City of La Porte.
Section 4. The City Council officially finds, determines, recites and declares that all notices required by law
have been published, and that a public hearing as required by law was duly called and held, and that all
matters prerequisite to the establishment and levy of an ad valorem tax have been accomplished, all as
required by the laws of the State of Texas, and the Home Rule Charter of the City of La Porte.
Section 5. If any section, sentence, phrase, clause, or any part of any section, sentence, phrase, or clause,
of this Ordinance shall, for any reason, be held invalid, such invalidity shall not affect the remaining
portions of this Ordinance, and it is hereby declared to be the intention of this City Council to have passed
each section, sentence, phrase, or clause, or part thereof, irrespective of the fact that any other section,
sentence, phrase, or clause, or part thereof, may be declared invalid.
Section 6. All ordinances or parts of ordinances in conflict herewith are hereby repealed to the extent of
such conflict only.
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Section 7. The City Council officially finds, determines, recites and declares that a sufficient written notice
of the date, hour, place, and subject of this meeting of the City Council was posted at a place convenient to
the public at the City Hall of the City for the time required by law preceding this meeting, as required by the
Open Meetings Law, Chapter 551, Texas Government Code; and that this meeting has been open to the
public as required.
Section 8. This Ordinance shall be in effect from and after its passage and approval.
PASSED AND APPROVED this the
day of September, 2005.
CITY OF LA PORTE, TEXAS
Alton Porter, Mayor
ATTEST:
Martha Gillett, City Secretary
APPROVED:
Knox Askins, City Attorney
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REQUEST FOR CITY COUNCIL AGENDA ITEM
Agenda Date Requested: Jo~ Appropriation
Source of Funds: NIA
Department: Finance
Account Number: NIA
Report:
Resolution:
Ordinance:
xx
Amount Budgeted: NIA
Exhibits:
Amount Requested: NIA
Exhibits:
Budgeted Item: YES NO
Exhibits:
SUMMARY & RECOMMENDATION
The Fiscal Year 2005-06 Budget was built around a tax rate onl cents per hUlldrt'd dollar valuatioll.
A breakdown of the tax rate is as follows:
General Fund ="_ cents per hundred dollar valuation
Debt Service = '_ cents per hundred dollar valuation
The tax rate of 71 cents is the same rate that has been adopted for the last seventeen years,
Action Reauired bv Council:
Approve Ordinance establishing the tax rate for Fiscal Year 2005-06 at 71 cents per hundred dollar
valuation.
muff IJt *rrt /-
Approved for Citv Council A2enda
9-/0 -DS-
Date