G-10-09-23-9B2 - 9/23/2010ORDINANCE NO. 4-(0-09-7-3-1(32-
AN
ORDINANCE LEVYING TAXES FOR THE MAINTENANCE AND
OPERATION OF THE MUNICIPAL GOVERNMENT OF THE CITY OF
ROUND ROCK, TEXAS, AND PROVIDING FOR THE INTEREST AND
SINKING FUND FOR THE YEAR 2010.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS:
I.
That there is hereby levied and there shall be collected for the maintenance and operation
of the municipal government of the City of Round Rock, Texas, for the year 2010 upon all
property, real, personal and mixed, within the corporate limits of said City subject to taxation, a
tax of 26.645 cents on each One Hundred Dollars ($100.00) valuation of property. THIS TAX
RATE WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS
THAN LAST YEAR'S TAX RATE.
That there is hereby levied and there shall be collected for the City of Round Rock,
Texas, to provide for Interest and Sinking Funds for the year 2010 upon all property, real,
personal and mixed, within the corporate limits of said City subject to taxation, a tax of 15.083
cents on each One Hundred Dollars ($100.00) valuation of property.
SUMMARY
Maintenance and operation
of the Municipal Government
Interest and Sinking
Total Tax per $100.00 of valuation
26.645 cents
15.083 cents
41.728 cents
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II.
All monies collected under this ordinance for the specific items herein named, be and the
same are hereby appropriated and set apart for the specific purpose indicated in each item and
that the Assessor and Collector of Taxes, and the City Finance Director shall keep these accounts
so as to readily and distinctly show the amount collected, the amounts expended and the amount
on hand at any time, belonging to such funds. All receipts for the City not specifically
apportioned by this ordinance are hereby made payable to the General Fund of the City.
The City Council hereby finds and declares that written notice of the date, hour, place
and subject of the meeting at which this Ordinance was adopted was posted and that such
meeting was open to the public as required by law at all times during which this Ordinance and
the subject matter hereof were discussed, considered and formally acted upon, all as required by
the Open Meetings Act, Chapter 551, Texas Government Code, as amended.
READ and APPROVED on first reading this the Os, day of
2010.
READ, APPROVED and ADOPTED on second reading this the 2P day of
2010.
ATTEST:
istmiL.,IAPITOr
SARA L. WHITE, City Secretary
ALAN MCGRAW, Mayor
City of Round Rock, Texas
2
ROUND ROCK, TEXAS
PURPOSE. PASSION. PROSPERITY
Agenda Item No. 9B2.
City Council Agenda Summary Sheet
Agenda Caption:
Meeting Date:
Consider an ordinance adopting the 2010 Property Tax Rate for the City of Round Rock.
(Second Reading)
September 23, 2010
Department: Finance
Staff Person making presentation: Cheryl Delaney
Finance Director
Item Summary:
At the September 9th council meeting, the council recommended a tax rate of $0.41728. This rate is $0.00500 (1/2
cent) below the 2010 (FY 2010-2011) effective tax rate and $0.02067 above the property tax rate adopted in 2009
(FY 2009-2010). Under this tax rate, taxes on the average homestead would increase by $15 or 2% compared with
last year's taxes. Individual taxes may increase at a greater or lesser rate, or even decrease, depending on the
change in taxable value of the property.
2010 Recommended Tax Rate (FY2010-2011) - $0.41728
2010 Proposed Tax Rate (FY 2010-2011) - $0.41228
2010 Effective Tax Rate (FY 2010-2011) - $0.42228
2009 Tax Rate (FY 2009-2010) - $0.39611
This tax rate provides adequate funding for the proposed operating budget. It remains competitive when compared
to other municipalities.
The council has the ability to adopt a property tax rate up the effective rate of $0.42228.
Council Motion: "I MOVE THAT THE COUNCIL RATIFY THE PROPERTY TAX INCREASE REFLECTED IN THE
ADOPTED BUDGET."
Strategic Plan Relevance:
8.0 — Maintain and enhance public confidence, satisfaction and trust in City Government
Cost: N/A
Source of Funds: N/A
Date of Public Hearing (if required): September 9 & 23
Recommended Action: Adoption of the FY2010 property tax rate