HomeMy WebLinkAboutR-2010-22 ratify projected increase in property tax revenues collected as reflected in FY 2010-2011 Budget
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REQUEST FOR CITY COUNCIL AGENDA ITEM
Agenda Date Requested: September 13, 2010
Appropriation
Requested By: Michael G. Dolby, CPA
Source of Funds: N/A
Department: Finance
Account Number: N/A
Report:
Resolution: x Ordinance:
Amount Budgeted: N/ A
Exhibits:
Resolution
Amount Requested: N/A
Exhibits:
Budgeted Item: YES NO
Exhibits:
SUMMARY & RECOMMENDATION
House Bill 3195, passed by the Texas Legislature in 2007, amends Section 102.007 of the Texas Local
Government Code to require that the Council must take a separate vote to ratify increased property tax
revenues that are reflected in the budget. Since the FY 2010-11 budget includes more property tax
revenues than in FY 2009-10, the Council must take this action. House Bill 3195 requires that the
ratification vote is in addition to and separate from the vote to adopt the budget or the vote to set the tax
rate as required by Chapter 26 of the Texas Tax Code. The projected increase in revenues from property
taxes is reflected in the budget as presented.
The budget for FY 2010-11 includes projected revenues from property taxes that exceed the revenues
from property taxes in the FY 2009-2010 budget by $1,684,232.00, and of that amount $193,875 is tax
revenue to be raised from new property added to the tax roll this year.
Action ReQuired bv Council:
Approve Resolution to ratify the projected increase in property tax revenues collected as reflected in the
FY 2010-11 Budget.
&Jill ~O
Date
RESOLUTION NO. 2010-~
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA PORTE RATIFYING
THE PROPERTY TAX REVENUE INCREASE REFLECTED IN THE FISCAL YEAR
2010-2011 BUDGET, IN ACCORDANCE WITH SECTION 102.007 (C) OF THE
TEXAS LOCAL GOVERNMENT CODE, FINDING COMPLIANCE WITH THE OPEN
MEETINGS LAW, AND PROVIDING AN EFFECTIVE DATE HEREOF.
WHEREAS, pursuant to Section 102.007(c) of the Texas Local
Government Code, effective September 1, 2007, the adoption of a
budget that will require raising more revenue from property taxes
than in the previous year requires a separate vote of the governing
body to ratify the increased revenues reflected in the budget; and
WHEREAS, the Fiscal Year 2010-2011 budget will raise more
revenue from property taxes than the previous year because despite
no change in the actual property tax rate from $0.71 per $100 value
in the Fiscal Year 2009-2010 to $0.71 per $100 value in Fiscal Year
2010-2011, the revenue from the assessment of property taxes will
create more revenue than last year due to new improvements placed
on the tax rolls.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF LA PORTE:
Section 1. The City Council of the City of La Porte hereby
ratifies the property tax revenue increase reflected in the Fiscal
Year 2010-2011 budget.
Section 2. 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
by law at all times during which this resolution and the subject
matter thereof has been discussed, considered and formally acted
upon.
The City Council further ratifies, approves and confirms
such written notice and the contents and posting thereof.
Section 3. This Resolution shall be effective from and after
its passage and approval.
PASSED AND APPROVED this 13th day of September, 2010.
By:
ATTEST:
~~AQ'}t~lill ':f-
~ a A. Gillett
Clty Secretary
AP~ -r ~
~k T. Askins
Assistant City Attorney
Mayor
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