HomeMy WebLinkAboutOrdinance - 2010-O0071 - Setting Tax Rate Yr 2010 - 09/02/2010First Reading
September 2, 2010
Item No, 2.4
ORDINANCE NO. 2010-00071
Second Reading
September 16, 2010
Item No, 6.5
AN ORDINANCE SETTING THE TAX RATE AND LEVYING A TAX UPON
ALL PROPERTY SUBJECT TO TAXAT[ON WITHIN THE CITY OF LUBBOCK,
TEXAS, FOR THE YEAR 2010; APPORTIONING SAID LEVY AMONG THE
VARIOUS FUNDS AND ITEMS FOR WHICH REVENUE MUST BE RA[SED;
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 year2010 the swn of$0.45617 per
One Hundred and No/I 00s Dollars ($100.00) valuation thereof and the same shall be
1, applied to the various funds in the following manner:
$0.09377
$0.33240
$0.03000
per $ 100 valuation to the Interest and Sinking Fund.
per $100 valuation to the General Fund; and
per $100 valuation to the Economic Development Fund.
SECT[ON 2. THAT all ad valorem taxes shall be paid before the first day of
February 2011, 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 2nd day of September, 20 I 0.
VOTING FOR PASSAGE: VOTING AGAINST PASSAGE:
Tom Martin Paul R. Beane
Floyd Price
Victor Hernandez
Todd R. Klein
Tax Levy Page 1 of 3
Karen Gibson
Jim Gilbreath
Council members present but not voting: :.:nf:..:.a=-----------------
Council members absent: none
••••
Passed by the City Council on second reading this 16th day of September , 2010.
VOTING FOR PASSAGE: VOTING AGAINST PASSAGE:
Tom Martin Paul Beane
Floyd Price
Karen Gibson
Jim Gilbreath
Victor Hernandez
Todd Klein
Council members present but not voting: 0
Council members absent: 0 _...;;._ ___________________ _
••••
TOM MARTIN, MAYOR
Tax Levy Page 2 of 3
ATTEST:
APPROVED AS TO CONTENT:
Andy Burcham
Chief Financial Officer
APPROVED AS TO FORM:
I ax R~tc Ordinance I 0-11
Stplcmbcr 7. 20 I 0
Tax Levy Page 3 of 3