Loading...
2012-194s:llegallour documentslordinances1121ratify budget.docx ORDINANCE 2012-194 AN ORDINANCE OF THE CITY OF DENTON, TEXAS, R.ATIFYING THE ADOPTION OF THE FISCAL YEAR 2012-13 ANNUAL PROGRAM OF SERVICES (BUDGET) AND THE CAPITAL IMPROVEMENT PROGRAM OF THE CITY OF DENTON, TEXAS, FOR THE FISCAL YEAR BEGINNING ON OCTOBER 1, 2012, AND ENDING ON SEPTEMBER 30, 2013 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 11, 2012 adopted the Fiscal Year 2012-13 Annual Program of Services (Budget) and the Capital Improvement Program for the City of Denton and set a tax rate for 2012 in separate votes and actions; and WHEREAS, this Budget will raise more revenue from property t�es 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 2012-2013 Annual Program of Services (Budget) and the Capital Improvement Program that will raise more total property taxes than last year's Budget by $2,099,160 or 4.75% and of that amount $918,440 is tax revenue to be raised from new property added to the tax roll this year W�tn a totai t� rate of $0.68975 per $100 of taxable value. The City Council hereby ratifies the property t� 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 l lth day September 2012 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. s:llegallour documentslordinances1121ratify budget.docx PASSED AND APPROVED this the � day of 0(L , 2012. ATTEST: JENNIFER WALTERS, CITY SECRETARY BY: APPROVED AS TO LEGAL FORM: ANITA BURGESS, CITY ATTORNEY r _ � BY: Council Member Mark A. Burroughs, Mayor Kevin Roden Dalton Gregory Jim Engelbrecht Chris Watts Pete Kamp James King Page2 �' ' � /1ti�'� ,. . ; ..� 't' . �. Voted For ✓ ✓ ✓ ✓ ✓ �— Voted A ag inst