HomeMy WebLinkAbout2014-280s:\legakour documents\ordinances\14\ratify budget fy14-15.docx
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AN ORDINANCE OF THE CITY OF DENTON, TEXAS, RATIFYING THE ADOPTION OF
THE FISCAL YEAR 2014-15 ANNUAL PROGRAM OF SERVICES (BUDGET) AND THE
CAPITAL IMPROVEMENT PROGRAM OF THE CITY OF DENTON, TEXAS, FOR THE
FISCAL YEAR BEGINNING ON OCTOBER 1, 2014, AND ENDING ON SEPTEMBER 30,
2015 WHEN THE BUDGET WILL RAISE MORE REVENUE FROM PROPERTY TAXES
THAN LAST YEAR'S BUDGET; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City Council of the City of Denton, Texas, has previously on this day of
September 16, 2014 adopted the Fiscal Year 2014-15 Annual Program of Services (Budget) and
the Capital Improvement Program for the City of Denton and set a tax rate for 2014 in separate
votes and actions; and
WHEREAS, this Budget will raise more revenue from property taxes than last year's
budget; and
WHEREAS, Section 102.007 of the Texas Local Government Code requires the City
Council to take a separate vote to ratify the property tax increase reflected in the Budget when it
will raise more total property taxes than last year's budget; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION 1. The findings set forth in the preamble of this Ordinance are incorporated
into the body of this Ordinance as if fully set forth herein.
SECTION 2. The City Council hereby ratifies the adoption of the City of Denton Fiscal
Year 2014-2015 Annual Program of Services (Budget) and the Capital
Improvement rora that will raise more revenue from
property taxes than last year's Budget by an amount o
5,61,3, which is a 11.72 percent increase from last year's
budget. The property tax revenue to be raised from new property
added to the tax roll this year is $1,292,895 with a total tax rate of
$0.689750 per $100 of taxable value. The City Council hereby ratifies the property tax increase
reflected in the Budget.
SECTION 3. This Ordinance shall become effective immediately upon its passage and
approval at a regular meeting of the City Council of the City of Denton, Texas on this the 16ti'
day September 2014 at which meeting a quorum was present and the meeting was held in
accordance with the provisions of Tex. Gov't Code § 551.001, et. seq. The City Secretary is
hereby directed to record this Ordinance and the vote to ratify approval of the adoption of the
Budget that will raise more revenue from property taxes than last year's budget.
sAlegahour docurnents\ordinances\14\ratify budget fy14-15.docx
PASSED AND APPROVED this the day of J —1(6,q"( 2014.
ATTEST.
JENNIFER WALTERS, CITY SECRETARY
BY:
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BY:
Council Member
Chris Watts, Mayor
Jim Engelbrecht, Mayor Pro-Tem
Dalton Gregory
John Ryan
Joey Hawkins
Kevin Roden
Greg Johnson
("I'l112 S WATTS, MAY01-
Voted For Voted Against
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