HomeMy WebLinkAboutResolution 3523-09-2007Resolution No 3523-09-2007
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF FORT WORTH,
TEXAS, RATIFYING THE PROPERTY TAX REVENUE INCREASE
REFLECTED IN THE FISCAL YEAR 2007 2008 BUDGET IN ACCORDANCE
WITH SECTION 102.007(C) OF THE LOCAL GOVERNMENT CODE.
WHEREAS, per the provisions of House Bill No 3195 which amends Section
102 007 of the Local Government Code effective September 1 2007 the adoption of a
budget that will require raising more revenue from property taxes than to the previous
year requires a separate vote of the governing body to ratify the increased revenues
reflected to the budget and
WHEREAS the Fiscal Year 2007 2008 budget wtll require more revenue from
property taxes than the prevtous year because despite a decrease to the actual property tax
rate from $0 86 per $100 value in Fiscal Year 2006 2007 to $0 855 per $100 value in
Fiscal Year 2007 200.8 the revenue from the assessment of property taxes will create more
revenue than last year due to new tmprovements 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 City of Fort Worth hereby ratifies the property tax
revenue increase reflected to the Fiscal Year 2007 2008 budget
ADOPTED THIS 11TH DAY OF SEPTEMBER, 2007
ATTEST
APPROVEQ
F. ~ ~ CITY CO~INCIL
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By "- - ~ ~` '~ ~ - -- ---- ---- S E P 1 1 2007
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"Marty Hendrix;'~Ctty Secretary
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~~~ ~ `'^`- =' '~' City Secretarq of the
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r~ 1~~ a~•~`~ City of Fort Worth, Texas
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