HomeMy WebLinkAboutResolution 4023-09-2011A Resolution
NO. 4023 -09 -2011
OF THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS, RATIFYING
THE PROPERTY TAX REVENUE INCREASE REFLECTED IN THE FISCAL
YEAR 2012 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
effective September 1, 2007, 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 revenues reflected in the budget; and
WHEREAS, the Fiscal Year 2012 budget will raise more revenue from property
taxes than the previous year because despite no change in the actual property tax rate
from $0.855 per $100 value in the Fiscal Year 2011 to $0.855 per $100 value in Fiscal
Year 2012, the revenue from the assessment of property taxes will create more revenue
than last year due primarily 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 the City of Fort Worth hereby ratifies the property tax
revenue increase reflected in the Fiscal Year 2012 budget.
Adopted this 20th day of September, 2011.
ATTEST:
Marty Hendrix, City Secretary
ORT WORTT
A
APPROVED
CITY COUNCIL
SEP 2 0 2011
City secretary of the
City of Fort Worth. Texas