HomeMy WebLinkAbout2016-3810 - Ordinance - 09/22/2016 ORDINANCE NO. 2016-3810
AN ORDINANCE LEVYING THE AD VALOREM TAXES FOR THE USE AND
SUPPORT OF THE MUNICIPAL GOVERNMENT OF THE CITY OF COLLEGE
STATION, TEXAS, AND PROVIDING FOR THE GENERAL DEBT SERVICE FUND
FOR THE YEAR 2016-17 AND APPORTIONING EACH LEVY FOR THE SPECIFIC
PURPOSES.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
TEXAS:
SECTION 1. That there is hereby levied and there shall be collected for the use and support of
the municipal government of the City of College Station, Texas, and to provide General Debt
Service for the 2016-17 fiscal year upon all property, real, personal and mixed within the
corporate limits of said city subject to taxation, a tax of forty-seven and twenty-five hundredths
cents ($0.472500) on each one hundred dollar ($100.00) valuation of property, and said tax being
so levied and apportioned to the specific purpose herein set forth:
1. For the maintenance and support of the general government
(General Fund), twenty-seven and seventy-one hundredths and
sixty-one thousandths cents ($0.277161) on each one hundred
dollar($100.00) valuation of property; and
2. For the general obligation debt service (Debt Service Fund),
nineteen and fifty-three hundredths and thirty-nine thousandths
cents ($0.195339) on each one hundred dollars ($100.00) valuation
of property to be used for principal and interest payments on bonds
and other obligations of the fund.
SECTION II. All moneys collected under this ordinance for the specific items therein named,
shall be and the same are hereby appropriated and set apart for the specific purpose indicated in
each item and the Assessor and Collector of Taxes and the Chief Financial Officer shall keep
these accounts so as to readily and distinctly show the amount collected, the amounts expended
and the amount on hand at any time, belonging to such funds. It is hereby made the duty of the
Tax Assessor and Collector to deliver a statement at the time of depositing any money, showing
from what source such taxes were received and to what account (General Fund or General Debt
Service Fund) the funds were deposited.
SECTION III. 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 11.63 PERCENT
AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON
A $100,000 HOME BY APPROXIMATELY $17.71.
ORDINANCE NO.2016-3810 Page 2 of 2
SECTION IV. That this ordinance shall take effect and be in force from and after its passage.
PASSED AND APPROVED THIS 22"d DAY OF SEPTEMBER 2016.
ATTEST: APPROVED:
1( .
City Secretary Mayo
APPROVED:
Cada 41 614Vitra)
City Attorney