G-11-09-22-10A2 - 9/22/2011 ORDINANCE NO. - -
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 2011.
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 2011 upon all
property, real, personal and mixed, within the corporate limits of said City subject to taxation, a
tax of 27.509 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 2011 upon all property, real,
personal and mixed, within the corporate limits of said City subject to taxation, a tax of 14.812
cents on each One Hundred Dollars ($100.00) valuation of property.
SUMMARY
Maintenance and operation
of the Municipal Government 27.509 cents
Interest and Sinking 14.812 cents
Total Tax per$100.00 of valuation 42.321 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 5 51, Texas Government Code, as amended.
READ and APPROVED on first reading this the day of ,
2011.
reading this the _da of
READ, APPROVED and ADOPTED on second g y
2011.
ALAN MCGRAW, Mayor
City of Round Rock, Texas
ATTEST:
otw
SARA L. WHITE, City Secretary
2
RQOND R0 T City Council Agenda Summary Sheet
PURPOSE.PAssIon:PROSPERITY.
Agenda Item No. 10A2.
Consider an ordinance adopting the 2011 Property Tax Rate for the City of Round Rock.
Agenda Caption: (Second Reading)
Meeting Date: September 22, 2011
Department: Finance
Staff Person making presentation: Cheryl Delaney
Finance Director
Item Summary:
The proposed FY 2011-2012 Operating budget is balanced at the property tax rate of 42.321 cents per $100 of
appraised taxable value and is the same as the effective tax rate. Under this proposal, taxes on the average
homestead (appraised value of $175,775) would be $744 annually. Individual taxes may increase at a greater or
lesser rate,or even decrease,depending on the change in taxable value of the property.
This tax rate provides adequate funding for the proposed operating budget. It remains competitive when compared
to other municipalities.
2011 Proposed Tax Rate (FY 2011-2012) -$0.42321
2011 Effective Tax Rate (FY 2011-2012)-$0.42321
2010 Tax Rate (FY 2010-2011)-$0.41728
Public hearings regarding the proposed FY 2011-2012 Operating Budget are being held tonight and September 22,
2011. The first public hearing regarding the tax rate is being held tonight and a second public hearing is being held
September 22, 2011.
REQUIRED
Council Motion for item 10A2(a): "I MOVE THAT THE COUNCIL RATIFY THE PROPERTY TAX INCREASE
REFLECTED IN THE ADOPTED BUDGET."
Cost: N/A
Source of Funds: N/A
Date of Public Hearing(if required): September 8th and September 22"a
Recommended Action: Approval