G-96-09-26-12B - 9/26/1996ORDINANCE NO. a- qt,- 0 q J64 - J�
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 1996.
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 1996 upon all property,
real, personal and mixed, within the corporate limits of said City
subject to taxation, a tax of 17.537 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 1996 upon all property, real, personal and
mixed, within the corporate limits of said City subject to
taxation, a tax of 22.343 cents on each One Hundred Dollars
($100.00) valuation of property.
SUMMARY
Maintenance and operation
of the Municipal Government 17.537 cents
Interest and Sinking 22.343 cents
Total Tax per $100.00 of valuation 39.880 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\OR60912B.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.
READ and APPROVED on first reading this the 12th day of
September, 1996.
READ, APPROVED and ADOPTED on second reading this the 26th
day of September, 1996.
ATTEST:
NE LAND, City Secretary
2.
CHARLES CULPEPP R, Mayor
City of Round Rock, Texas
DATE: September 24, 1996
SUBJECT: City Council Meeting, September 26, 1996
ITEM: 12. B. Consider an ordinance adopting the 1996 property tax rate. (Second
Reading)
STAFF RESOURCE PERSON: David Kautz
STAFF RECOMMENDATION:
The Operating Budget for fiscal 1996-1997 is balanced at the Effective Tax Rate. The Effective
Tax Rate, calculated by the City's Tax Assessor/Collector, raises the same amount of tax
revenue from properties on the roll this year that were also on the roll last year. The proposed
rate is below last year's rate of $0.42635.
The proposed tax rate is summarized below and will fund, in part, General Fund operations and
new debt service on the recent $12 million G.O. Bond issue.
Maintenance and Operations Component
Debt Service Component
Proposed Tax Rate for 1996-97
$0.17537
$0.22343
$0.39880