HomeMy WebLinkAboutResolution 3655-09-2008A Resolution
NO 3655-09-2008
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS,
RATIFYING THE PROPERTY TAX REVENUE INCREASE REFLECTED IN THE FISCAL
YEAR 2008-2009 BUDGET, IN ACCORDANCE WITH SECTION 102.007(C) OF THE TEXAS
LOCAL GOVERNMENT CODE.
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 m 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 2008-2009 budget will raise more revenue from property taxes
than the previous year because despite no change m the actual property tax rate from $0 855 per $100
value in Fiscal Year 2007 2008 to $0 855 per $100 value in Fiscal Year 2008-2009 the revenue from
the assessment of property taxes will create more revenue than last year due to increased property
valuation and new improvements placed on the tax rolls.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF FORT WORTH, TEXAS
That the City Council of the Crty of Fort Worth hereby ratifies the property tax revenue increase
reflected in the Fiscal Year 2008-2009 budget.
ADOPTED THIS 16TH DAY OF SEPTEMBER 2008
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IVlartyHendrix, Ci Secretary
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