HomeMy WebLinkAboutResolution 5995-08-2024A Resolution
No. 5995-08-2024
RECOMMENDING A TAX RATE OF $0.672500 PER $100.00 IN VALUATION FOR FISCAL
YEAR 2025 AND SETTING A DATE FOR THE PUBLIC HEARING ON THE
RECOMMENDED TAX RATE
WHEREAS, in accordance with Chapter X, Section 1, of the Charter of the City of Fort Worth,
the recommended capital improvement plan, ad valorem tax rate, and operating budget for Fiscal Year 2025
were presented to the City Council at the City Council Work Session on August 13, 2024;
WHEREAS, the City Manager recommended that the City Council consider an ad valorem tax rate
of $0.677300 per $100.00 in valuation, which is higher than the current actual, adopted rate but lower than
the no -new -revenue tax rate of $0,677346 per $100.00 in valuation as well as the voter -approval tax rate of
$0.711669 per $100.00 in valuation;
WHEREAS, the City Council voted to keep the the ad valorem tax rate flat for fiscal year 2025 at
a rate of $0.672500 per $100.00 in valuation; and
WHEREAS, at such hearing, the Fort Worth City Council will afford adequate opportunity for
proponents and opponents of the recommended 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 $0.672500 per $100.00 in valuation for property in the City
of Fort Worth is being considered in connection with the proposed Fiscal Year 2025 budget, which the City
Council is expected to consider at its meeting on Tuesday, September 17, 2024.
2. That a public hearing on the proposed rate will be held as part of the City Council meeting
on Tuesday, September 17, 2024, in the City Council Chamber, City Hall, 200 Texas Street, Fort Worth,
Texas, 76102.
3. That an adequate opportunity will be afforded at the public hearing for proponents and
opponents of the recommended tax rate to present their views.
4. That the City Secretary shall publish notice of such hearing as prescribed by state law.
Adopted this August 27, 2024.
ATTEST:
Jannette S. Goodall, City Secretary