HomeMy WebLinkAboutResolution 4354-09-2014 1
A Resolution
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NO. 4354-09-2014 j
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RATIFYING THE PROPERTY TAX REVENUE INCREASE REFLECTED IN THE
FISCAL YEAR 2014-2015 BUDGET, IN ACCORDANCE WITH SECTION
102.007(c) OF THE TEXAS LOCAL GOVERNMENT CODE
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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 property tax revenues reflected in the budget; and j
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WHEREAS, the Fiscal Year 2014-2015 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 2013-2014 to $0.855 per $100
value in Fiscal Year 2014-2015, the revenue from the assessment of property taxes will
create more revenue than last year due to increases in appraised values on pre-existing
improvements and 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 2014-2015 budget.
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Adopted this 16thday of September, 2014.
ATTEST:
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