HomeMy WebLinkAboutResolution 566 A ResoluInn
- LUTIC.Ig FILE NO. '-
10-„�--
SENIOR CITIZEN HOMESTEAD EXEMPTION
WHEREAS, the State of Texas did authorize a vote of the people
on an amendment to the Texas Constitution permitting the exemption of
not less than $3,000 of the assessed value of resident homesteads of per-
sons sixty-five years of age or older; and,
WHEREAS, such amendment was voted on by the electorate of the
State of Texas on November 7, 1972; and,
WHEREAS, the required Constitutional amendment was duly adopted
by the residents of the State of Texas and carried by a large majority in
the City of Fort Worth; and,
WHEREAS, the City of Fort Worth implemented the Senior Citizen
Homestead Exemption in 1973 at the value of $3,000 per homestead and in-
creased the exemption in 1976 to $4,000 and again increased the exemption
to $7,000 in 1977; and,
WHEREAS, the continued increase in the cost of living has ser-
iously impacted many Senior Citizens who are on fixed income; and,
WHEREAS, the City of Fort Worth desires to provide additional
relief to Senior Citizens by increasing the Homestead Exemption to
$10,000: 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 will, in estab-
lishing the 1978-79 Budget, increase the Senior Citizen Homestead Exemp-
tion to $10,000 in accordance with the provisions of Article VIII, Sec-
tion I-b of the Texas Constitution.
CITY OF FORT WORTH