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HomeMy WebLinkAboutORD 2013-33 - Levying Tax Rate, Tax Year 2013"i , I 61 XTIM will W WHEREAS, the City of Georgetown, Texas is an incorporated Home Rule city dependent upon taxes to provide its citizens with services; and WHEREAS, the City of Georgetown, Texas published the required notices; and WHEREAS, the City of Georgetown, Texas held the required two public hearings on August 6, 2013 and August 13, 2013; and WHEREAS, all notification and public hearing requirements have been satisfied; and WHEREAS, the City Council finds it necessary to levy taxes for the 2013/14 fiscal year for the City of Georgetown, Texas; and WHEREAS, the tax rate being considered is above the effective rate; and WHEREAS, this tax rate will raise more revenue to fund new voter -approved bonds; and WHEREAS, THIS TAX RATE WILL REDUCE TAXES TO FUND MAINTENANCE AND OPERATIONS BY $225,000 LESS THAN LAST YEAR, and NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, THAT: SECTION 1. The facts and recitations contained in the preamble of this ordinance are hereby found and declared to be true and correct, and are incorporated by reference herein and expressly made a part hereof, as if copied verbatim. The City Council hereby finds that this ordinance complies with the Vision Statement of the City of Georgetown 2030 Comprehensive Plan. SECTION 2. The City Council of the City of Georgetown (the "City Council") hereby finds that all of the prerequisites to the levying of a tax rate for this City for the year 2013, (including, without limitation, certifications, notices, submittals, and public hearings) as required by law have been complied with. Ordinance No. aO Page 1 of 2 Description: Levy Tax Rate for Tax Year 2013 Date Approved: September 10, 2013 SECTION 3. The City Council does hereby levy and adopt the tax rate on $100 valuation for the tax year 2013 as follows: $0.21597 for the purpose of maintenance and operation $0.22353 for the principal and interest on debt of this city $0.43950 total tax rate SECTION 4. If any section, paragraph, clause, phrase, or provision of this Ordinance shall be adjudged invalid or held unconstitutional, the same shall not affect the validity of this Ordinance as a whole or any part or provision thereof other than the part so declared to be invalid or unconstitutional. SECTION 5. This Ordinance shall become effective upon adoption of its second and final reading by the City Council of the City of Georgetown, Texas. PASSED AND APPROVED on First Reading on the 27th day of August, 2013. PASSED AND APPROVED on Second Reading on the 10th day of September, 2013. ATTEST: s ca brettlg--' it Secretary APPROVED AS TO FORM: Bridget Chama4 City Attorney THE CITY OF GEORGETOWN: By: Gedge Garver Mayor Ordinance No. .9 0 ( � - I> � Page 2 of 2 Description: Levy Tax Rate for Tax Year 2013 Date Approved: September 10, 2013