1975-028NO 95 d8
AN ORDINANCE ADOPTING THE BUDGET FOR THE CITY OF DENTON, TEXAS,
FOR THE FISCAL YEAR BEGINNING ON OCTOBER 1, 1975, AND ENDING ON
SEPTEMBER 30, 1976, REVISING THE BUDGET FOR THE PRECEDING FISCAL
YEAR ENDING ON SEPTEMBER 30, 1975, LEVYING TAXES FOR THE YFAR
1976 TO BE ASSESSED ON ALL TAXABLE PROPERTY WITHIN THE LIMITS OF
THE CITY OF DENTON, TEXAS, AND DECLARING AN EFFECTIVE DATE
WHEREAS, notice of a public hearing on the budget for the
City of Denton, Texas, for the fiscal year 1975-1976 was hereto-
fore published at least fifteen (15) days in advance of said
hearing, and
WHEREAS, a public hearing on the said budget was duly held
on the 16th day of September, 1975, and all interested persons
were given an opportunity to be heard for or against any item
thereof, now, therefore,
THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, HEREBY ORDAINS
SECTION I
That the budget for the City of Denton, Texas, for the fiscal
year beginning October 1, 1975, and ending on September 30, 1976,
in words and figures as shown therein is finally approved and
adopted
SECTION II
That the budget for the City of Denton, Texas, for the fiscal
year beginning on October 1, 1974, and ending on September 30, 1975,
as shown therein in words and figures, is hereby revised and amended
to show the words and figures indicated as "REVISED 1974-75" in the
budget for the fiscal year beginning on October 1, 1975 and ending
on September 30, 1976
SECTION III
That there shall be, and there is hereby levied, the following
taxes on each One Hundred Dollar ($100 00) valuation on all taxable
property within the City of Denton, Texas, to be assessed and
collected by the Tax Assessor and Collector for the year 1975 and
said tars are to be assessed and collected for the purposes stipu-
lated as follows, to-wit
(a) For the General Fund Allocation
on the $100 00 valuation $ 7638
(b) For the Interest and Redemption
Funds on outstanding bonded in-
debtedness on the $100 00
valuation 9362
Total Allocation of Levy $1 7000
The above allocation of the levy is made to insure that de-
posits in the Interest and Redemption Funds of taxes collected
during the year ending September 30, 1976, will total $1,039,709
but is not intended to exceed that amount
SECTION IV
That the City Manager shall cause copies of the budget to be
filed with the City Secretary, the County Clerk of Denton County
and the State Comptroller of Public Accounts
SECTION V
That this ordinance shall be effective immediately upon its
passage
rA
PASSED and APPROVED this the /b day of September, A D
1975
a .0-- -
?OR
TUIT-13 JESTER/7R-
CITY OF DENT , TEXA
ATTEST--)
~2_ - Z~ 4~
Y SECRETARY
CITY OF DENTON, TEXAS
APPROVED AS TO LEGAL FORM
PAUL
CITY OF DENTON, TEXAS