Res 071-2020 Setting Proposed Tax Rate and Public Hearing 8/18/2020Resolution No. 71-2020
Resolution expressing the City Council's intent to place a proposal on
a future Council agenda approving a property tax rate in accordance
with the Texas Property Tax Reform and Transparency Act of 2019;
scheduling one public hearing, and establishing the date to vote on
same
WHEREAS, state law prescribes specific procedures that local governments must
follow when setting property tax rates for the ensuing year; and,
WHEREAS, the City Council may approve a tax rate that generates up to 3.5%
more total tax revenue from properties on the tax role than was generated in the preceding
year, less new property added to the roll and less debt service requirements.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WICHITA FALLS, TEXAS, THAT:
1. The City Council of the City of Wichita Falls hereby expresses its intent to place
an item on the City Council agenda of September 1, 2020, to consider adopting a property
tax rate of per $100 of assessed property value.
2. The City Council furthermore expresses its intent to conduct a public hearing to
discuss the property tax rate on September 1, 2020 at 8:30 a.m. to be held in the City
Council Chambers.
PASSED AND APPROVED this the 18t" day of August, 2020.
ATTEST:
CUt,c B
City Clerk