HomeMy WebLinkAboutResolution 5280-09-2020 A Resolution
NO. 5280-09-2020
RATIFYING THE PROPERTY TAX REVENUE INCREASE REFLECTED IN THE
FISCAL YEAR 2020-2021 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
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
property tax revenues reflected in the budget; and
WHEREAS, the Fiscal Year 2020-2021 budget will raise more revenue from
property taxes than the previous year because, despite keeping the actual property tax rate of
$0.7475 per$100 value in Fiscal Year 2019-2020 the same $0.7475 per$100 value in Fiscal
Year 2020-2021, the revenue from the assessment of property taxes will create more
revenue than last year due to increases in appraised values on pre-existing improvements
and to 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 Fort Worth hereby ratifies the property tax revenue increase
reflected in the Fiscal Year 2020-2021 budget.
Adopted this 22nd day of September, 2020.
ATTEST:
1/9
Tor At/ Wl r
for Ronald P.Gonzales(Sep 24,202010:11 CDT)
Mary J.Kayser, City Secretary pF Fp
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