HomeMy WebLinkAboutOrdinance - 2011-O0081 - Tax Rate And Levy On All Property Subject To Taxation. - 08/26/2011First Reading
August 29, 2011
Item No . 2.4
ORDINANCE NO. 2011-00081
Second Reading
September 8, 2011
Item No . 6.4
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 201 1; APPORTIONING SAID LEVY AMONG THE
VARIOUS FUNDS AND ITEMS FOR WHICH REV ENU E MUST BE RAISED;
FIXING THE TIMES IN WHICH SAID TAXES SHALL BE PAID AND ASSESS ING
PENALTY AN D 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 1T ORDAINED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
SECTION I . THAT there shall be levied and assessed upon all property subject to
taxation within the City of Lubbock, Texas, for the year 2010 the sum of $0.47400 per
One Hundred and No/100s Do llars ($100 .00) valuation thereof and the same shall be
applied to the various funds in the following manner:
$0.10200
$0.34200
$0.03000
per $100 valuation to the Interest and Sinki ng Fund.
per $100 valuation to the Genera l Fund ; and
per $100 valuation to the Economic Development Fund.
SECTION 2. THAT all ad valorem taxes shall be paid before the first clay of
February 2012, 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 _____ A_ugc=:;_u_s_t_2_9 ____ , 20 1 I.
VOTING FOR PASSAGE: VOTING AGAINST PASSAGE:
Floyd Price, Mayor Pro Tern Tom Martin, Mayor
Paul Beane
Karen Gibson
Tax Levy Page I of 3
Jim Gilbreath
Victor Hernandez
Todd Klein
Council members present but not voting: 0
Council members absent: 0 ----------------------
****
Passed by the City Council on second reading this ____ s_ep=--t_e_m_b_e_r_8 ____ , 2011.
VOTING FOR PASSAGE: VOTING AGAINST PASSAGE:
Floyd Price, Mayor Pro Tern Tom Martin, Mayor
Karen Gibson Paul Beane
Jim Gilbr eath
Victor Hernandez
Todd Klein
Council members present but not voting: 0
Council members absent: O ----------------------
FLOYD PRICE, MAYOR PRO TEM
Tax Levy Page2of 3
ATTEST:
~j)~~:<: -~, p
Rebt;aci'arza ~ l)
City Secretary
APPROV ED AS TO CONTENT:
Andy B~rcham
Chief Financial Officer
APPROVED AS TO FORM :
Q:ICITYA TT\Arny\Ordi11:111ccs\Tax Rate Ordinance FY201 I 8.22. I I
Tax Levy Page 3 of 3