HomeMy WebLinkAboutOrdinance - 2006-O0099 - Setting Tax Rate; Levying Tax Subject To Taxation; Penalty/Interest Non Payment - 08/31/2006First Reading
August 31, 2006
Item No. 4.5
ORDINANCE NO. 2006-00099
Second Reading
September 13, 2006
Item No. 6.9
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 2006; 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 2006 the sum of $0.46199 per
One Hundred and No/1 00s Dollars ($100.00) valuation thereof and the same shall be
applied to the various funds in the following manner:
per $100 valuation to the Interest and Sinking Funds.
per $100 valuation to the General Fund; and
$0.07125
$0.36074
$0.03000 per $100 valuation to the Economic Development Fund.
This tax rate will raise more taxes for maintenance and operations than last
year's tax rate.
SECTION 2. THAT all ad valorem taxes shall be paid before the first day of
February 2007, 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 31st day of August , 2006.
VOTING FOR PASSAGE: VOTING AGAINST PASSAGE:
David A. Miller,, Mayor
Jim Gilbreath,, Mayor Pro Tem
Gary Boren
Tax Levy Page 1 of 3
Linda DeLeon
Phyllis Jones
John Leonard
Floyd Price
Council members present but not voting: 0
Council members absent: O ---------------------
* * * *
Passed by the City Council on second reading this 13th day of September , 2006.
VOTING FOR PASSAGE: VOTING AGAINST PASSAGE:
David A. Miller.. Mayor Gary Boren
Jim. Gilbreath,. Mayor Pro Tem John Leonard
Linda DeLeon
Phyllis Jones
Floyd Price
Council members present but not voting: 0
Council members absent: 0 ----------------------
****
ATTEST:
Q~c,
~cca Garza, City Secret
Tax Levy Page 2 of 3
APPROVED AS TO CONTENT:
Je~
Chief Financial Officer
APPROVED AS TO FORM:
Don Vandiver
Attorney of Counsel
DD/ord/Tax Race Ordinance 06-07
August 28, 2006
Tax Levy Page 3 of3