O-90-2502 - 9/27/1990ORDINANCE NO.
AN ORDINANCE LEVYING TAXES FOR THE USE AND SUPPORT
OF THE MUNICIPAL GOVERNMENT OF THE CITY OF ROUND
ROCK, TEXAS, AND PROVIDING FOR THE INTEREST AND
SINKING FUND FOR THE YEAR 1990.
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS
I.
That there is hereby levied and there shall be collected for the
use and support of the municipal government of the City of Round
Rock, Texas, for the year 1990 upon all property, real, personal and
mixed, within the corporate limits of said City subject to taxation,
a tax of '�' '09°1 cents on each One Hundred Dollars
($100.00) valuation
of property.
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 1990 upon all property, real, personal and mixed, within
the corporate limits of said City subject to taxation, a tax of
32.290 cents on each One Hundred Dollars ($100.00) valuation of
property.
SUMMARY
Municipal Government
Interest and Sinking 32.290_
TOTAL
II.
All monies collected under this ordinance for the specific items
herein named, be and the same are hereby appropriated and set apart
COR09130D
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.
READ and APPROVED on first heading this the �`.J 6 day of
September, 1990.
fh
READ, APPROVED and ADOPTED on second reading this the day
of September, 1990.
ATTEST:
- 6;�24� aedzA
JO NE LAND, City Secretary
. �a itlel�'
MIKE ROBINSON, Mayor
City of Round Rock, Texas
2.
GENERAL FUND
TAX LEVIES, RATES AND COLLECTIONS FOR FIVE YEARS
(REAL & PERSONAL PROPERTY)
* Effective tax rate adopted
ORIG BUDGET
FISCAL
TAXABLE
TAX
OPERATING
YEAR
RATE AND BASE
VALUE
LEVY
& DEBT COSTS
1986
- 87
100
%
@
0.42690 *
$ 1,170,066,000
$ 4,995,015
$ 8,810,981
1987
- 88
100
%
@
0.42500
1,208,589,000
5,136,516
9,311,219
1988
- 89
100
%
@
0.42000
1,164,006,000
4,909,959
9,909,302
1989 -
90
100
%
@
0.48365 *
1,052,510,000
5,090,400
10,338,432
1990 -
91
100
%
@
0.55911 *
$ 917,146,000
$ 5,127,000
$ 11,040,806
* Effective tax rate adopted
DATE: September 25, 1990
SUBJECT: City Council Meeting, September 27, 1990
ITEM: 11.C. Consider an ordinance adopting the 1990 tax rate.
(Second Reading)
STAFF RESOURCE PERSON: David Kautz
STAFF REC34MENDATION:
The 1990-91. proposed operating budget submitted to the City Council by the
City Manager and adjusted by the City Council is based upon a property tax
rate of 54.911 cents per 5100/valuation. This rate is less than the
Effective Tax Rate. The Effective Tax Rate of 55.911 cents would provide
the same amount of tax revenue to the City as levied in the prior year.