HomeMy WebLinkAboutResolution 3406A-09-2006A Res®lufi6®n
Rl0 3406A-09-2006
Regarding the Need to Oppose Legislative Efforts to Amend Current Laws and Regulations
Governing Appraisal and Revenue Caps
WHEREAS, the Texas Municipal League (TML) will hold its annual conference on October 25-
2'7 2006, in Austin, Texas, and will consider resolutions supported by TML members and affiliates in
anticipation of the 2007 state legislative session; and
WHEREAS, Texas cities rely increasingly upon property taxes as a major component of their
revenue required to cover the cost of providing required municipal services; and
WHEREAS, appraisal caps have been proven in other states where implemented to (1) ignore
the cost of city services, (2} unfairly shift the tax burden from wealthy to less wealthy homeowners
because caps most benefit properties that are rapidly increasing in value, (3) unfairly shift the tax burden
from residential to business tax payers where they apply only to residential property (4) create
inequities between neighbors, (5) depress real estate markets, and (6) hinder economic development by
preventing property value increases impacting property tax abatement arrangements ultimately resulting
in lost revenue opportunities for cities; and
WHEREAS, revenue caps (1) ignore the cost of city services, {2) ignore the differing growth
rates indifferent areas of the state, (3) stifle economic development by imposing arbitrary limits on
revenues that might be realized from the addition of new business and residential development, {4} do
not account for unfitnded mandates, (5) will be harmful to city bond ratings due to the imposition of
limits on the ability of cities to repay debt; and
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF FORT WORTH
HEREBY RESOLVES.
1 To request that the Texas Municipal League aggressively oppose any legislation that seeks to
amend and reduce the currently applicable appraisal cap below its current level often percent
and
2. To request that the Texas Municipal League aggressively oppose any legislation that seeks to
establish local revenue caps.
3 That the City Manager is authorized to forward a copy of this resolution to Mr Frank Sturzl,
Executive Director of the Texas Municipal League.
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Resolution No. 3406A-09-2006
ADOP~'ED this the 5th day of September 2006
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CITY COUI`zCIL
SEP 5 2006
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City Secretary of the
City of Fort Worth, °fexas