G-01-09-27-14A2 - 9/27/2001ORDINANCE NO. a'oi'094 /-NA2'
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 2001.
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 maintenance and operation of the municipal government of the
City of Round Rock, Texas, for the year 2001 upon all property,
real, personal and mixed, within the corporate limits of said City
subject to taxation, a tax of 17.920 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 2001 upon all property, real, personal and
mixed, within the corporate limits of said City subject to
taxation, a tax of 14.287 cents on each One Hundred Dollars
($100.00) valuation of property.
SUMMARY
Maintenance and operation
of the Municipal Government 17.920 cents
Interest and Sinking 14.287 cents
Total Tax per $100.00 of valuation 32.207 cents
::ODMA\WORLDOX\0:\WDOX\ORDINANC\010913C2.WPD/sc
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 43 day of
JL), 2001.
READ, APPROVED and ADOPTED on second reading this the .a7
day of
A EST:
AiLib
, 2001.
E LAND, City Secretary
2.
ROT A. STLUKA, JR., Mayor
City of Round Rock, Texas
DATE: September 21, 2001
SUBJECT: City Council Meeting — September 27, 2001
ITEM: 14.A.2. Consider an ordinance adopting the proposed 2001 property tax
rate for the City of Round Rock (Second Reading) The first reading
of the ordinance was approved on September 13, 2001.
Resource: David Kautz, Finance Director
History: The proposed Operating Budget for fiscal year 2001-02 is balanced at
a tax rate of 32.207 cents per $100 of appraised taxable value. While
this rate is less than last year's tax rate of 33.031 cents, it is 6.9%
higher than the Effective Tax Rate. The Effective Tax Rate would
impose the same total taxes as last year from properties on the tax roll
this year that were also on the roll last year.
Funding: N/A
Cost: N/A
Source of Funds: N/A
Outside Resources: N/A
Impact/Benefit:
This tax rate provides adequate funding for the proposed operating
budget. It still remains a competitive rate when compared to other
municipalities and it enables the City to slightly reduce reliance upon
the sales tax for operations.
Public Comment: A public hearing will be held regarding the proposed tax rate.
Sponsor: N/A