R-01-08-23-14A1 - 8/23/2001 RESOLUTION NO. R-01-08-23-14A1
WHEREAS, Chapter 26 of the Property Tax Code [Vernon' s Texas
Codes Annotated, Tax Code, Sections 26 . 01 et . seq. ] requires taxing
units to comply with truth-in-taxation laws in adopting their tax
rates, and
WHEREAS, the City of Round Rock' s 2001 proposed tax rate exceeds
the lower of the rollback rate or 103% of the effective rate, and
WHEREAS, it is mandatory in such case for the governing body of
the City of Round Rock to vote to place the proposal to adopt the rate
on the agenda of a future meeting as an action item on which a record
vote will be taken, and
WHEREAS, it is necessary for the City Council to set a date,
time, and place for the holding of a public hearing on the proposed
property tax rate, and
WHEREAS, the proposed property tax rate is 32 . 207 cents per $100
valuation compared to 33 . 031 cents for the prior year, Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS,
That the proposal to adopt the 2001 proposed property tax rate be
placed on the agenda of the September 13 , 2001 meeting of the Round
Rock City Council as an action item on which a record vote will be
taken and recorded.
0:\WPDOCS\RESOLUTI\R10823A1.WPD/SC
That a public hearing on the 2001 proposed property tax rate be
held on the 13th day of the month of September, 2001, at 7 : 00 o' clock
p .m. at 221 E. Main Street, Round Rock, Williamson County, Texas .
The City Council hereby finds and declares that written notice of
the date, hour, place and subject of the meeting at which this
Resolution was adopted was posted and that such meeting was open to the
public as required by law at all times during which this Resolution 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, and the Act .
RESOLVED this 23rd day of August, 2001 .
ROB A. STLUKA, JR. , Mayor
AT ST: City of Round Rock, Texas
J NE LAND, City Secretary
2
DATE: August 17, 2001, 2001
SUBJECT: City Council Meeting—August 23, 2001
ITEM: 14.A.1. Consider a resolution scheduling a public hearing on the
proposed 2001 property tax rate.
Resource: David Kautz, Finance Director
History: Chapter 26 of the Property Tax Code requires taxing units to comply
with truth-in-taxation laws in adopting their tax rates. When a
proposed rate exceeds the lower of the roll-back rate or 103 percent of
the effective rate, the taxing unit's governing body must vote to place
a proposal to adopt the rate on the agenda of a future meeting as an
action item. This vote must be recorded and will be part of newspaper
publications which advertise the public hearing.
Funding: N/A
Cost: N/A
Source of Funds: N/A
Outside Resources: N/A
Impact/Benefit: The proposed property tax rate of$0.32207 is required to balance the
FY2001-02 Operating Budget. This rate is below last year's rate of
$0.33031 but, because of changes in existing property values,
represents a 6.86% increase for properties which were on the tax roll
last year.
Public Comment: Public hearings will be held concerning the tax rate prior to its
adoption.
Sponsor: N/A