HomeMy WebLinkAboutResolution 4016-08-2011A Resolution
NO. 4016-08-2011
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF FORT WORTH,
TEXAS, PROPOSING THE INCREASE OF TAX REVENUE FROM THE AD
VALOREM TAX RATE FOR FISCAL YEAR 2012 AND SETTING PUBLIC
HEARING DATES ON THE TAX RATE
WHEREAS, in accordance with Chapter X, Section 1, of the City Charter, the
proposed budget and proposed ad valorem tax rate for Fiscal Year 2012 was submitted to
the City Council on August 9, 2011; and
WHEREAS, the proposed ad valorem tax rate of $0.8550 exceeds the effective tax
rate of $0.849672; and
WHEREAS, pursuant to Section 26.05 of the Texas 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 $0.8550 per $100.00 of taxable valuation of
properties in the City of Fort Worth is being proposed for Fiscal Year 2012.
2. That the City Council of the City of Fort Worth, Texas will hold two public
hearings on a proposal to increase total revenue from properties on the tax
roll in 2010 by 2.6 percent.
3. That the public hearings will be held on August 23, 2011 at 10:00 a.m., and
September 13, 2011 at 7:00 p.m., in the City Council Chambers, Fort Worth
Municipal Building, 1000 Throckmorton Street, Fort Worth, Texas, 76102.
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RESOLUTION NO. 4016 -08 -2011
4. That an adequate opportunity will be afforded for proponents and opponents
of the proposed tax rate to present their views.
5. That the City Secretary shall publish notice of such hearings as provided in
Section 26.06 of the Texas Tax Code.
Adopted this 9t" day of Au ust, 2011
APPROVED AS TO FORM AND
LEGALITY:
Sarah J. Fulle ider, City Attorney
ATTEST:
Marty Hendrix, Cil�y Secretary
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APPROVED
CITY COUNCIL
AUG 09 2011
City Secretary of the
City of Fort Worth, Texas