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HomeMy WebLinkAbout26-6362 - City Council - ResolutionRESOLUTION 26-6362 RECOMMENDING A TAX RATE OF $0.773801 PER $100.00 IN VALUATION, WHICH WILL RESULT IN AN INCREASE IN TAX REVENUE FOR FISCAL YEAR 2027 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 2027 were presented to the City Council at the City Council Work Session on August 11, 2026; WHEREAS, in order to fund the budget as proposed by the City Manager and to provide flexibility in evaluating options to address pressing funding concerns, it has been recommended that the City Council consider an ad valorem tax rate of $00.773 801 per $100.00 in valuation, which is higher than the current actual, adopted rate ($0.670000 per $100) as well as the no -new - revenue tax rate ($0.670416 per $100.00) but lower than the voter -approval tax rate ($0.773801 per $100.00); WHEREAS, revenue to be generated from adoption of a recommended tax rate higher than the no -new -revenue tax rate and lower than the voter approval tax rate, without the accumulated unused increment, is needed to provide resources for vital services including, but not limited to Police, Fire, and Transportation and Public Works which address public safety concerns, and Libraries and Parks, which affect quality of life issues, and to help in addressing the infrastructure needs in a fast-growing city; WHEREAS, pursuant to Texas Tax Code Section 26.05, adoption of a tax rate greater than either the no -new -revenue or the voter -approval tax rate requires the City Council to provide for and conduct one public hearing on the recommended tax rate and to provide notice thereof; 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 THAT: 1. An ad valorem tax rate of $0.773801 per $100.00 in valuation for property in the City of Fort Worth is being considered in connection with the proposed Fiscal Year 2027 budget, which the City Council is expected to consider at its meeting on Tuesday, September 15, 2026. 2. A public hearing on the proposed rate will be held at a City Council meeting on Tuesday, September 15t", 2026, in the City Council Chamber, City Hall, 100 Fort Worth Trail, Fort Worth, Texas, 76102. 3. An adequate opportunity will be afforded at the public hearing for proponents and opponents of the recommended tax rate to present their views. 4. The City Secretary shall publish notice of such hearing as prescribed by state law. Adopted this August 11.2026 ATTEST: Jannette S. Goodall, City Secretary aOF0OR 0 O' 00oo O c00 OO O T OOOOOOO 'd a TEx A5�Ia RESOLUTION 26-6363 A RESOLUTION DIRECTING THE CITY MANAGER TO INITIATE THE PROCESS TO ADOPT A 90 -DAY MORATORIUM ON THE ACCEPTANCE, PROCESSING, AND APPROVAL OF NEW APPLICATIONS FOR REZONING OR PERMITS FOR DATA CENTERS WHEREAS, Chapter 212 of the Texas Local Government Code ("TLGC") grants a municipality the authority to adopt a moratorium on property development in certain circumstances; and WHEREAS, a moratorium adopted under Chapter 212 of the TLGC is limited to residential property, commercial property, or both; and WHEREAS, data centers have been identified as a type of property development upon which the City Council is authorized under Chapter 212 of the TLGC to impose a moratorium; and WHEREAS, a municipality is prohibited from adopting a moratorium on property development unless the municipality complies with the specific notice and hearing procedures set forth under Chapter 212 of the TLGC; and WHEREAS, before a moratorium may be adopted under Chapter 212 of the TLGC, a municipality must hold two public hearings, each held at least 30 days apart, with advance notice published at least 30 days before each hearing, followed by two readings of the proposed ordinance imposing the moratorium; and WHEREAS, first reading of the proposed ordinance imposing the moratorium must occur no later than 12 days after the second public hearing and the second reading of the proposed ordinance must occur not less than 28 days after the first reading; and WHEREAS, for the moratorium to take effect the ordinance must receive the affirmative vote of at least three -fourths of the City Council following the second reading; and WHEREAS, a moratorium adopted under Chapter 212 of the TLGC expires 90 days following adoption, unless the municipality extends the moratorium for an additional 90 days; and WHEREAS, it is the desire of City Council to initiate the process of adopting a 90 -day moratorium on the acceptance, processing, and approval of new applications for rezoning or permits for data centers.