G-97-09-25-12B - 9/25/1997ORDINANCE NO. 61'11- 09- " JA
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 1997.
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 1997 upon all property,
real, personal and mixed, within the corporate limits of said City
subject to taxation, a tax of 17.0982 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 1997 upon all property, real, personal and
mixed, within the corporate limits of said City subject to
taxation, a tax of 20.6085 cents on each One Hundred Dollars
($100.00) valuation of property.
SUMMARY
Maintenance and operation
of the Municipal Government 17.0982 cents
Interest and Sinking 20.6085 cents
Total Tax per $100.00 of valuation 37.7067 cents
II.
All monies collected under this ordinance for the specific
items herein named, be and the same are hereby appropriated and set
K:\WPDOCS\ORDINANC\OR70911B.WPD/scg
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. lL
READ and APPROVED on first reading this the 11 - day of
bylitEnda0A.), 1997.
'%V
READ, APPROVED and ADOPTED on second reading this the Pi ;
day of , 1997.
ATTEST:
LAND, City Secretary
2.
6//4
CHARLES CUL R, Mayor
City of Round Rock, Texas
DATE: September 19, 1997
SUBJECT: City Council Meeting, September 25, 1997
ITEM: 12. B. Consider an ordinance adopting the 1997 property tax rate. (Second Reading
STAFF RESOURCE PERSON: David Kautz
STAFF RECOMMENDATION:
The Operating Budget for fiscal 1997-1998 is balanced at a tax rate of 37.7067 cents per $100 of
value as indicated below. The proposed rate is below last year's rate of 39.880 cents per $100.
The tax rate is made up of two components: a Maintenance and Operations component and a
Debt Service Component.
Under the proposed tax rate, City taxes on the average home would decrease by $8.75 or 2.1%
compared with last year's taxes when considering changes in home values from last year to this
year.
The proposed tax rate will fund, in part, General Fund operations and new debt service on the
recently issued $5 million in Certificates of Obligation.
Maintenance and Operations Component
Debt Service Component
Total Tax Rate
$0.170982
$0.206085
$0.377067