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Res 092-2014 8/19/2014 RESOLUTION NO. 92-2014 Resolution expressing the City Council’s intent to place a proposal on a future Council agenda approving a property tax rate that exceeds the notice and public hearing limit; scheduling two public hearings, 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 greater total tax revenue from properties on the tax role than was generated in the preceding year. 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 expresse s its intent to place an item on the City Council agenda of September 16, 2014 to consider adopting a property tax rate of $0.65526 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 2, 2014 at 8:30 a.m. and September 9, 2014 at 8:30 a.m., both to be held in the City Council Chambers. PASSED AND APPROVED this the 19th day of August, 2014. ______________________________ M A Y O R ATTEST: _____________________ City Clerk