HomeMy WebLinkAboutOrdinance - 2012-O0101 - Setting The Ratelevy A Tax Upon All Property Subject To Taxation. - 08/30/2012First Reading
August 30, 2012
Item No. 2.6
ORDINANCE NO. 2012-00101
Second Reading
September 13, 2012
Item No. 6.5
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 2012: APPORTIONING SAID LEVY
AMONG THE VARIOUS FUNDS AND ITEMS FOR WHICH REVENUE l\1UST BE
RAISED: FIXING THE TIMES IN WHICH SAB) 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 2012 the sum of $0.49211
per One Hundred and No/l00s Dollars ($100.00) valuation thereof and the same shall
be applied to the various funds in the follmving manner:
per $ 100 valuation to the Interest and Sinking Fund.
per 5100 valuation to the General Fund; and
$0.10591
$0.35683
$0.02937 per $100 valuation to the Economic Development Fund.
SECTION 2. THAT all ad valorem taxes shall be paid before the first day of
February 2013, 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 \\/ILL RAISE rv10RF -rAXES FOR
i\1AINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX
R.ATE
AND IT IS SO ORDERED
Passed by the City Council on first reading this JIJ_th __ day of _A!lgust ____ , 2012.
VOTING FOR PASSAGE·
Mayor Glen Robertson
Tax L:,y
VOTING AGAl~ST P:\SSAGF:
Victor Hernandez
Page 1 <Jf 3
Mayor Pro Tem Raren Gibson Latrelle Joy
Jim Gerlt Todd R. Klein
Floyd Price
Council members present but not voting: None
Council members absent: All Present
****
Passed by the City Council on second reading this day of , 2012. ---· ------
VOTING FOR PASSAGE:
Mayor Glen Robertson
Mayor Pro Tem Karen Gibson
Jim Gerlt
Floyd Price
VOTING AGAINST PASSAGE:
Victor Hernandez~----
Latrelle Joy
Todd R. Klein
Council members present but not voting: No_n_e _____ _
Council members :1bsent: All Present
****
• Tax Levy Page 2 of 3
ATTEST:
APPROVED AS TO CONTENT:
APPROVED AS TO FORM:
Tax Rate Ordinance 12-I 3
()8-30-12
Tax Levv Page 3