HomeMy WebLinkAboutResolution 3515-08-2007A. Resolution
l~ O 3515-08-2007
BY THE CITY COUNCIL OF 'THE CITY OF FORT WORTH, TEXAS,
PROPOSING THE INCREASE OF TAX REVENUE FROM AD VALOREM TAX
RATE FOR FISCAL YEAR 2007-08 AND SETTING PUBLIC HEARING DATES
ON THE TAX RATE
WHEREAS, in accordance with .Chapter X, Section 2 of the City Charter the
proposed ad valorem tax levy ordinance for the Fiscal Year 2007-08 will be introduced at
the City Council meeting to be held on August 14 2007 and,
WHEREAS, per the provisions of Senate Bill No 18 passed by the Texas State
Legislature and effective immediately upon passage, which amends Section 26 OS of the
Tax Code the City Council will provide for and conduct two public hearings on the
proposed tax rate and provide notice of these hearings and,
WHEREAS at such hearings the Fort Worth City Council will afford adequate
opportunity for proponents and opponents of the tax rate to present their views
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS
1 That an ad valorem tax rate of $0 8600 per $100 00 of taxable valuation of
properties in the City of Fort Worth is being proposed for Fiscal Year 2007-08 which will
provide more tax revenue than received in 2006-2007
2 That the City Council of the City of Fort Worth will hold two public hearings on
a proposal to increase total revenue from properties on the tax roll in 2006 by 5 87
percent.
3 That the public hearings will be held on August 28 2007 at 10 00 a.m. and
September 4 2007 at 7 00 p.m. in the City Council Chambers Fort Worth Municipal
Building, 1000 Throckmorton Street, Fort Worth, Texas 76102 and an adequate
opportunity will be afforded for proponents and opponents of the proposed tax rate to
present their views
4 That the City Secretary shall publish notice of such hearings as provided in
Section 26 06(a} as amended by Senate Bill 18 of the Tax Code of the State of Texas
~ ~:~ ~ _. .
- --
RESOLUTION NO 3515-08-2007
Adopted this 14th day of August, 2007
APPROVED AS TO FORM AND
LEGALITY
~~
David Yett, City tomey
~,
~~~.r
ATTEST ~' ,
~.
~_
~~R ~1 h
>,
Marty`,Hendnx, C' y Secretary
~:~ r'
~R
~,
APPROVED
CITY CQUNCIL
AUG 1 4 2007
1~w=~""~
CitySecretaryof the'
City of Forf 1North,'~exas