HomeMy WebLinkAboutOrdinance - 2023-O0109 - Setting The Tax Rate And Levying A Tax - 09/12/2023First Reading
September 5, 2023
Item No. 3.5
Second Reading
September 12, 2023
Item No. 6.5
ORDINANCE NO. 2023-00109
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 2023; 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 2023 the sum of $0.480164 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:
$0.109783
$0.370381
per $100 valuation to the Interest and Sinking Fund; and
per $100 valuation to the General Fund
SECTION 2. THAT all ad valorem taxes shall be paid before the first day of February
2024, 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 5.33 PERCENT AND
WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A$100,000
HOME BY APPROXIMATELY $1.94.
AND IT IS SO ORDERED
Tax Levy 2023-24
8/9/23) Page l of 3
Passed by the City Council on first reading this Sth day of September , 2023.
VOTTNG FOR PASSAGE:
VOTING AGAINST PASSAGE:
Ma or Tra Pa ne Council Member Mark W. McBrayer _
Council Member Christy Martinez-Garcia
Pro Tem Shelia Patterson Harris
Council Member Steve Massen�;ale
Council Member Dr. Jennifer Wilson
Council Member Latrelle
Council members present but not voting:
Council members absent:
****
N/A
N/A
Passed by the City Council on second reading this 12th day of September , 2023.
1�l�y�ll�Le��i77' � �Y:It�
VOTING AGAINST PASSAGE:
Mayor Tray Payne Council Member Mark W. McBrayer
Council Member Christy Martinez-Garcia
Mayor Pro Tem Shelia Patterson Harris
Council Member Steve Massengale
Council Member Dr. Jennifer Wilson
Council Member Latrelle Joy
Tax Levy 2023-24
819123) Page 2 of 3
Council members present but not voting:
Council members absent:
A 'TEST:
C rtney Paz
City Secretary
APPROVED AS TO CONT�NT:
�
D. u Ko � elich
Chief Financial Officer
APPROVED AS TO FORM:
A . ims
D City Attorney
N/A
****
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1 .:
Tax Levy 2023-24
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