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2013-228ORDINANCE 2013 -228 AN ORDINANCE OF THE CITY OF DENTON, TEXAS, RATIFYING THE ADOPTION OF THE FISCAL YEAR 2013 -14 ANNUAL PROGRAM OF SERVICES (BUDGET) AND THE CAPITAL IMPROVEMENT PROGRAM OF THE CITY OF DENTON, TEXAS, FOR THE FISCAL YEAR BEGINNING ON OCTOBER 1, 2013, AND ENDING ON SEPTEMBER 30, 2014 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 17, 2013 adopted the Fiscal Year 2013 -14 Annual Program of Services (Budget) and the Capital Improvement Program for the City of Denton and set a tax rate for 2013 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 2013 -20X14 Annual Program of Services (Budget) and the Capital Improvement Program that will raise more revenue from property taxes than last year's Budget by an amount of $1,810,682, which is a 3.91 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 $1,202,783 with a total tax rate of $0.68975 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 17th day September 2013 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. sAlegal\our documents\ordinances\13\ratify budget ord.docx PASSED AND APPROVED this the ATTEST: JENNIFER WALTERS, CITY SECRETARY BY:\ APPROVED AS TO LEGAL FORM: ANITA BURGESS, CITY ATTORNEY BY: Council Member Mark A. Burroughs, Mayor Kevin Roden Dalton Gregory Jim Engelbrecht Joey Hawkins Pete Kamp James King Page2 d f &�i 2011 ay o . . . ............. BURI�01J('14, AYOR (M12 Voted For Voted Against V IV