Ord 50-2013 9/17/2013
ORDINANCE NO. 50-2013
Ordinance Levying, Assessing, And Fixing The Tax Rate For The Use
And Support Of The Wichita Falls Municipal Government And
Providing For The Interest And Sinking Fund For The 2013-14 Fiscal
Year; And Declaring An Emergency
WHEREAS, the City Council finds that the City Council has performed all legal
prerequisites to increasing the tax rate as provided herein, in accordance with Texas
Tax Code § 26.05;
WHEREAS, this ordinance was passed upon record vote after motion stating:
I MOVE THAT THE PROPERTY TAX RATE BE INCREASED BY THE
ADOPTION OF A TAX RATE OF $0.63526, WHICH IS EFFECTIVELY
A 1.54 PERCENT INCREASE IN THE TAX RATE.”
WHEREAS, while the tax rate will increase, the effective maintenance and
operations rate will not be increasing; therefore, the statements required by Texas Tax
Code §§ 26.05(b)(1) & 26.05(b)(2) are not necessitated by this ordinance.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS,
TEXAS, THAT:
1. There be assessed, levied, and collected on all taxable property in the City of
Wichita Falls, Texas, for the year 2013 and following, to-wit:
$0.619313 on each $100.00 assessed valuation of all taxable property in
the City for the purpose of paying the general governmental operating
expenses of the City and for general improvements of said City and its
property.
$0.015947 on each $100.00 assessed valuation of all taxable property in
the City for the purpose of paying interest and principal for the redemption
of bonds legally issued by said City.
RECAPITULATION OF RATE
$0.619313 for General Fund
$0.015947 for Interest and Sinking Fund
Total levy for 2013: $0.63526 per $100.00 assessed valuation of all taxable
property in the City.
2. There is also levied an occupation tax on every p erson, firm or corporation
pursuing any of the occupations named in the Charter, ordinances and general laws of
Texas as being subject to such a tax by cities, which shall be paid in advance; said
occupation tax shall be one-half (1/2) of the state tax for similar occupations.
3. The immediate need to continue the normal operation of the business of the
City creates an emergency and in order to protect the public health, welfare and to
preserve the peace, this ordinance shall take effect immediately, and i t is so ordained.
PASSED AND APPROVED this the 17th day of September, 2013.
______________________________
M A Y O R
ATTEST:
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City Clerk