HomeMy WebLinkAboutResolution 4509-09-2015 A Resolution
NO. 4509-09-2015
RATIFYING THE PROPERTY TAX REVENIJE INCREASE REFLECTED IN THE
FISCAL YEAR 2015-2016 BUDGET, IN ACCORDANCE WITH SECTION
102.007(c) OF THETEXAS LOCAL GOVERNMENT CODE
WREREAS, purswm'rt to Section 102.007(c) of the Texas I...ocal Gioverrinient Code,
effective September 1, 2007„ the adop(ion 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 reflectred in the budget; and
wnEREAS, the Fiscal Year 2015 2016 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 2014-2015 to $0.855 per $100
value in Fisca] Year 201.5-2016, the assessment of property taxes will create more
revenue than last year due to inct-eases in appraised values on pre existing iml,'wovements
and to new improvernents placed on the tax rolls.
NOW, TIIEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS,:
That the City Couricil of the City of Fort Worth hereby ratifies the property tax
revenue increase reflected in the Fiscal Year 2015 2016 [)udg,et
,.
Adopted this day of...S pj�Lpiber 2015.
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