03-07-90-7 - Resolution - 03/07/1990RESOLUTION NO.
A RESOLUTION RELATING TO THE PROPOSED USE OF THE ADDITIONAL
ONE-HALF OF ONE PERCENT SALES AND USE TAX.
WHEREAS, the City Council has proposed to place the question
of an additional one-half of one percent sales and use tax
before the voter on the May 5, 1990 ballot; and
WHEREAS, state law requires that the wording of the ballot
must be stated as "to be used to reduce the property tax
rate."; and
WHEREAS, state law elsewhere states that the tax rate that is
to be reduced is the effective tax rate;
NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF COLLEGE STATION, TEXAS:
That if the issue as stated on the ballot is passed by the
voters, the intent is to use the revenue generated by the
additional sales tax to keep the property tax as low as
possible while at the same time accomplishing the goals of
the Council that would normally affect the property tax rate.
It is intended that the transfer to the general fund from the
enterprise funds would be reduced thus reducing those service
rates in those enterprise funds. Other uses could include
the requirement of additional capital improvement programs
and maintenance of street infrastructure.
APPROVED AND ADOPTED by the City Council of the City of
College Station, Texas this 7th day of March ,
1990.
ATTEST:
007747