HomeMy WebLinkAbout2022-4384 - Ordinance - 08/25/2022ORDINANCE NO. 2022-4384
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 2022-23 AND APPORTIONING EACH LEVY FOR THE SPECIFIC
PURPOSES.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
TEXAS:
SECTION I. 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 2022-23 fiscal year upon all property, real, personal and mixed within the corporate limits
of said city subject to taxation, a tax of fifty-two and forty-six hundredths and thirteen thousand
cents ($0.524613) 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), thirty-one and thirty-one hundred and seventy-two
thousand cents ($0.313172) on each one-hundred-dollar ($100.00)
valuation of property; and
2. For the general obligation debt service (Debt Service Fund), is
twenty-one and fourteen hundred and forty-one thousand cents
($0.211441) 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 9.93 PERCENT AND WILL
RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY
APPROXIMATELY $-5.01.
SECTION IV. That this ordinance shall take effect and be in force from and after its passage.
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PASSED AND APPROVED THIS 25TH DAY OF AUGUST, 2022.
APPROVED:
___________________________________
Mayor
ATTEST:
__________________________________________
City Secretary
APPROVED:
City Attorney