HomeMy WebLinkAbout2017-3937 - Ordinance - 09/25/2017 ORDINANCE NO. 2017-3937
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 2017-18 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 2017-18 fiscal year upon all property,real,personal and mixed within the corporate
limits of said city subject to taxation, a tax of forty-nine and seventy-five hundredths cents
($0.497500) 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),twenty-
two and three hundredths and thirty-nine thousandths cents
($0.220339) 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 4.05 PERCENT
AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON
A $100,000 HOME BY APPROXIMATELY $0.00.
ORDINANCE NO.2017-3937 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 25th DAY OF SEPTEMBER 2017.
ATTEST: APPR I V, D:
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APPROVED:
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City Attorney