HomeMy WebLinkAboutOrdinance - 2021-O0127 - Tax Rate Levy FY 2021-22First Reading
September 7, 2021
Item No. 2.4
Second Reading
September 14, 2021
Item No. 8.3
ORDINANCE NO.
2021-00127
AN ORDINANCE SETTING THE TAX RATE AND LEVYING A TAX UPON
ALL PROPERTY SUBJECT TO TAXATION WITHIN THE CITY OF LUBBOCK,
TEXAS, FOR THE YEAR 2021; APPORTIONING SAID LEVY AMONG THE
VARIOUS FUNDS AND ITEMS FOR WHICH REVENUE MUST BE RAISED;
FIXING THE TIMES IN WHICH SAID TAXES SHALL BE PAID AND ASSESSING
PENALTY AND INTEREST FOR NONPAYMENT OF SUCH TAXES WITHIN THE
TIME PROVIDED.
WHEREAS, after all notices have been given and hearings held as provided by
law, the City Council has determined the tax rate necessary to produce the revenue
necessary to operate the affairs of the City of Lubbock for the next fiscal year; NOW
THEREFORE:
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
SECTION 1. THAT there shall be levied and assessed upon all property subject to
taxation within the City of Lubbock, Texas, for the year 2021 the sum of $0.523230 per
One Hundred and No/100s Dollars ($100.00) valuation thereof and the same shall be
applied to the various funds in the following manner:
$0.120266 per $100 valuation to the Interest and Sinking Fund;
$0.381257 per $100 valuation to the General Fund; and
$0.021707 per $100 valuation to the Economic Development Fund.
SECTION 2. THAT all ad valorem taxes shall be paid before the first day of
February 2022, and taxes not paid by that time shall be increased by such penalty and
interest as is provided by Chapter 18 of the Code of Ordinances of the City of Lubbock.
THIS TAX RATE WILL RAISE MORE TAXES FOR
MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX
RATE
THE TAX RATE WILL EFFECTIVELY BE RAISED BY 5.36
PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND
OPERATIONS ON A $100,000 HOME BY APPROXIMATELY-$18.18.
Tax Levy 2021-22
(8-23-21) Page I of 3
AND IT IS SO ORDERED
Passed by the City Council on first reading this 7th day of September
VOTING FOR PASSAGE:
Mayor Daniel M. Pope
Mayor Pro Tern Steve Massengale
Council Member Juan A. Chadis
Council Member Shelia Patterson Harris
Council Member Jeff Griffith
Council Member Randy Christian
Council Member Latrelle Joy
Council members present but not
voting:
Council members absent:
2021.
VOTING AGAINST PASSAGE:
N/A
Passed by the City Council on second reading this 14th day of September , 2021.
VOTING FOR PASSAGE:
Mayor Daniel M. Pope
Mayor Pro Tern Steve Massengale
Council Member Shelia Patterson Harris
Council Member Jeff Griffith
Tax Levy 2021-22
(8-23-21)
VOTING AGAINST PASSAGE:
Page 2 of 3
Council Member Randy Christian
Council Member Latrelle Joy
Council members present but not N/A
voting:
Council members absent: Council Member Juan A. Chadis
DANIEL M. POPE, MAYOR
ATTEST:
I*-
ReRaGarza
City Secretary
APPROVED AS TO CONTENT:
D. B u Kosterich
Chief Financial Officer
APPROVED AS TO FORM:
Amy
Dewity Attorney
Tax Levy 2021-22
(8-23-21) Page 3 of 3