G-93-09-23-9B - 9/23/1993ORDINANCE NO. 4-q3-0q_a3-go
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 1993.
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 1993 upon all property,
real, personal and mixed, within the corporate limits of said City
subject to taxation, a tax of 24.668 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 1993 upon all property, real, personal and
mixed, within the corporate limits of said City subject to
taxation, a tax of 32.256 cents on each One Hundred Dollars
($100.00) valuation of property.
SUMMARY
Maintenance and operation
of the Municipal Government 24.668 cents
Interest and Sinking 32.256 cents
Total Tax per $100.00 of valuation 56.924 cents
II.
All monies collected under this ordinance for the specific
items herein named, be and the same are hereby appropriated and set
KS/ORDINANCE
OR09093B
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 9th day of
September, 1993.
READ, APPROVED and ADOPTED on second reading this the 23th
day of September, 1993.
ATTEST:
,Mvu ivc&
NE LAND, City Secretary
CHARLES CULP ^ w /
PMayor
City of Round Rock, Texas
2.
DATE: September 21, 1993
SUBJECT: City Council Meeting, September 23, 1993
ITEM: 9.B. Consider an ordinance adopting the 1993 property tax rate. (Second Reading)
STAFF RESOURCE PERSON: David Kautz
NARRATIVE AND STAFF RECOMMENDATION:
The proposed operating budget for Fiscal Year 1993-94 requires a property tax rate as follows:
Maintenance & Operations 24.668 Cents per $100 valuation
Debt Service 32.256 Cents per $100 valuation
Total Tax Rate 56.924 Cents per $100 valuation
The tax rate is the sum of the "Effective Operating Rate", the rate that yields the same amount of
operating revenue from properties on the tax roll this year that were on the roll last year,
and the "Debt Service Rate".
The proposed tax rate is based on a certified tax roll value of $1,074,056,000.
Last year the tax rate was 62.459 cents based on a tax roll of $913,000,000.