HomeMy WebLinkAboutResolution - 2004-R0418 - Resolution Of Proposed Tax Rate Increase Vote - 09_07_2004Resolution No. 2004-RO418
September 7, 2004
Item No. 2
RESOLUTION
WHEREAS, Section 26.05(d) of the Tax Code of the State of Texas, in certain
events, requires notice of a proposed increase in property tax revenue even if the actual
property tax rate decreases; NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the tax rate for FY 2004-2005 is proposed at $0.4597 per $100 valuation,
which amount will result in a tax revenue increase because of new construction and re-
valuation of property by the tax appraisal district, notwithstanding the decrease in the
property tax rate; and
THAT a public hearing be held on the proposed tax rate and that notice be
published of the date, time, and place of the hearing, and providing information about
the proposed tax rate at least seven (7) days before the public hearing.
Passed by the City Council this 7th day of September, 2004, by the following vote:
For the Proposal: Against the Proposal:
Marc McDougal Linda DeLeon
Tom Martin Floyd Price
Jim Gilbreath
Gary Boren
Council Members present but not voting:
Council Members absent: Phyllis Jones
l
/UARC MCDOUGAL, MAYOR
ATTEST:
Reb cca Garza, City Secretary
APPROVED AS TO CONTENT:
— /A, qj a ' A & J" 4'-�- �
Le nn Dumbauld
CFO/ Assistant City Manager
APPROVED AS TO FORM:
chard K. Casner
First Assistant City Attorney
ke/ccdocs/TaxRateProposed2004-res
Augsust 30, 2004