HomeMy WebLinkAboutOrdinance - 2000-O0051 - Setting The Tax Rate And Levying A Tax - 09/27/2000w
First Reading Second Reading
September 13, 2000 September 27, 2000
Item No. 52 Item No. 27
ORDINANCE NO. 2000-00051
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 2000; 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 of 2000 the sum of $.57 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:
$.11282 per $100 valuation to the Interest and Sinking Funds, allocated among the
existing Interest and Sinking Funds as shown on the attached schedule;
$.42718 per $100 valuation to the General Fund; and
$.03000 per $100 valuation to the Economic Development Fund.
SECTION 2. THAT all ad valorem taxes shall be paid before the first day of February,
2001, and taxes not paid by that time shall be increased by such penalty and interest as is
provided by Chapter 26 of the Code of Ordinances of the City of Lubbock.
AND IT IS SO ORDERED.
Passed by the City Council on first reading this 13th day of September, 2000.
Passed by the City Council on second reading this 27th day of September, 2000.
• 1�•MAYOR
00 *11
Kaythi ,Darnell, City Secretary $ ��'
I
APPROVED AS TO CONTENT:
4M:�
osqueda,
Director of Management Services
APPROVED AS TO FORM:
i;d)�GjVandivei,
First Assistant City Attorney
DdordBudget.ord.doc
Rev. September 18, 2000