Ord 50-2011 9/20/2011ORDINANCE NO. 50 -2011
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 2011 -12 Fiscal
Year; and Declaring An Emergency
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 2011 and following, to -wit:
$0.612598 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.
$0.012662 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
$0.612598 for General Fund
$0.012662 for Interest and Sinking Fund
Total levy for 2011: $0.62526 per $100.00 assessed valuation of all taxable
property in the City.
2. There is also levied an occupation tax on every person, 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 operations 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 it is so ordained.
PASSED AND APPROVED this the 20th day of September, 2011.
MAYOR
ATTEST:
City Clerk