HomeMy WebLinkAbout2023-4458 - Ordinance - 08/24/2023ORDINANCE NO. 2023-4458
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 2023-24 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 2023-24 fiscal year upon all
property, real, personal and mixed within the corporate limits of said city
subject to taxation, a tax of fifty-one and thirty hundredths and eighty-
six thousand cents ($0.513086) 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 and sixteen hundred and forty-four
thousand cents ($0.301644) 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-two thousand cents
($0.211442) 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.
Ad Valorem Tax Ordinance FY 23-24 Page 2 of 2
SECTION III. THIS TAX RATE WILL RAISE MORE TAXES FOR
MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX
RATE.
SECTION IV. That this ordinance shall take effect and be in force from and after its
passage.
PASSED AND APPROVED THIS 24th DAY OF AUGUST, 2023.
ATTEST: APPROVED:
City Secretary Mayor
APPROVED:
City Attorney