HomeMy WebLinkAbout2008-3115 - Ordinance - 09/25/2008ORDINANCE NO. 3115
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 2008 -09 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 2008 -09 fiscal year upon all property, real, personal and mixed within the
corporate limits of said city subject to taxation, a tax of forty three and ninety four hundredths
cents ($0.439400) 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), nineteen and thirty three hundredths and fifty two
thousandths cents ($0.193352) on each one hundred dollar ($100.00)
valuation of property; and
2. For the general obligation debt service (Debt Service Fund), twenty four
and sixty hundredths and forty eight thousandths cents ($0.246048) 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 RAISE TAXES
FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY
$0.05.
ORDINANCE NO. 3115
Page 2
SECTION IV. That this ordinance shall take effect and be in force from and after its passage.
PASSED AND APPROVED THIS 25" DAY OF Sentember, 2008.
APPROVED:
Mayor
ATTEST:
City Secretary
APPROVED:
City Attorn