Ord 081-2007 9/18/2007 ORDINANCE NO. D � -ab�7
ORDINANCE OF THE CITY COUNCIL OF THE CITY OF WICHITA FALLS,
TEXAS, 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 2007-08
FISCAL YEAR; DECLARING AN EMERGENCY; AND FINDING AND
DETERMINING THAT THE MEETING AT WHICH THIS ORDINANCE WAS
PASSED WAS OPEN TO THE PUBLIC AS REQUIRED BY LAW.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS,
THAT:
SECTION 1. There be assessed, levied, and collected on all taxable property in the City
of Wichita Falls, Texas, for the year 2007 and following, to-wit:
$0.572524 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. THIS TAX RATE WILL RAISE MORE TAXES FOR
MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE.
$0.019936 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
$0.572524 for General Fund
$0.019936 for Interest and Sinking Fund
Total levy for 2007: $0.59246 per $100.00 assessed valuation of all taxable property in
the city.
SECTION 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.
SECTION 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.
SECTION 4. It is hereby officially found and determined that the meeting at which this
ordinance was passed was open to the public as required by law.
PASSED AND APPROVED this the 18th day of September, 2007.
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MAYOR ,
ATTEST:
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