HomeMy WebLinkAboutOrdinance - 2013-O0088 - 2013-Tax Levy - 09/10/2013First Reading
August 29, 2013
Item No. 1.5
Second Reading
September 10, 2013
Item No. 6.5
ORDINANCE NO. 2013-00088
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 2013; 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 2013 the sum of $0.50441 per
One Hundred and No1100s Dollars ($100.00) valuation thereof and the same shall be
applied to the various funds in the following manner:
$0.11656 per $100 valuation to the Interest and Sinking Fund.
$0.36080 per $100 valuation to the General Fund; and
$0.02705 per $100 valuation to the Economic Development Fund.
SECTION 2. THAT all ad valorem taxes shall be paid before the first day of
February 2014, 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 1.65
PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND
OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $6.29.
(Based on the comparison of the Maintenance and Operations Tax Rate
which is the total of General Fund rate and Economic Development Fund
rate above, and the Effective Maintenance and Operations Tax Rate adjusted
for Sales Tax)
ax Levy Page 1 of 3
AND IT IS SO ORDERED
Passed by the City Council on first reading this 29th day of August , 2013.
VOTING FOR PASSAGE: VOTING AGAINST PASSAGE:
Victor Hernandez, District 1 Glen C. Robertson, Mayor
Floyd Price, District 2 Todd Klein, Distrirt I
Jim Gerlt, District 4
Council members present but not voting: None
Council members absent: None
Passed by the City Council on second reading this 10th day of September , 2013.
VOTING FOR PASSAGE: VOTING AGAINST PASSAGE:
+ -1 ,R,- 1
Floyd Price, District 2
_Karen Gibson, District 5
Council members present but not voting:
Council members absent: None
Glen C. Robertagn.
None
Tax Levy Page 2 of 3
ATTEST:
Rebe ca Garza
City ecretary
APPROVED AS TO CONTENT:
Cheryl drock
Executive Director of Budget
APPROVED AS TO FORM:
GLEN OBE TSON, MAYOR
Tax Levy
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