Ord. 1545 2017-09-18 ORDINANCE NO.1545
An Ordinance adopting a tax rate of$0.685059 and levying taxes for the use
and support of the Municipal Government of the City of Pearland, Texas, and
providing for the interest and sinking fund of the taxable year 2017.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS:
Section 1. That there is hereby levied and there shall be collected for the use and support
of the Municipal Government of the City of Pearland, Texas, and to provide Interest and Sinking
Fund for the Year Two Thousand Seventeen upon all property, real, personal, and mixed within the
corporate limits of said City subject to taxation, a tax of $0.685059 on each One Hundred Dollars
($100.00) valuation of property, said tax being so levied and apportioned for the specific purpose
herein set forth:
(1) For the maintenance and support of the General Government (General Fund), the sum
of $0.255059 on each $100 valuation of property, and
(2) For the Interest and Sinking Fund, the sum of$0.43.
Section 2. All monies collected under this ordinance for the specific items therein named,
be and the same are hereby appropriated and set apart for the specific purpose indicated in each
item and that the Assessor and Collector of Taxes, the Director of Finance, and the City Manager
shall so keep these accounts as to readily and distinctly show the amount collected, the amounts
expended, and the amount on hand at any time belonging to such funds. It is hereby made the
duty of the Tax Assessor and Collector of Taxes and every person collecting money for the City
of Pearland to deliver to the Director of Finance and the City Manager, at the time of depositing
of any monies, a statement showing to what fund such deposit should be made, and from what
source received. All receipts for the City not specifically apportioned by this ordinance are hereby
made payable to the General Fund of the City.
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CITY OF PEARLAND , TEXAS
FISCAL YEAR
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Monday September 25 , 2017
2nd Reading of Ordinance to Adopt Tax Rate
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Tax Rate Overview
FY 17 Tax Rate
$0.6812 per $100 valuation
FY18 Tax Rate
Effective: $0.66706
Rollback: $0.68506
Maximum : $0.7000
Proposed : $0.6800
FY18 Components ( Proposed )
Operations: $0.2500
Debt Service: $0.4300
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Historical Tax Rate Information
Tax Rate Distribution
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PropertyTax Rate and Allocation
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FY 2016 FY 2017 Proposed Change
FY 2018
O & M 0.2225 0.2412 0.255069 0.0139
Debt 0.4828 0.4400 0.430000 (0.0100)
Total 0.7053 0.6812 0.6851 0.0039
O & M % 31 .5% 35.4% 37.2%
DS % 68.5% 64.6% 62.8%
General Fund : Accounts for approximately 26% of revenues
Debt Service: Accounts for 96% of revenues
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Next Steps
Budget Discussion #1 — Saturday, August 12th
Budget Discussion #2 — August 21st
Vote on resolution for proposed maximum tax rate and public hearing dates
Budget Discussion #3 — August 28th
1st Public Hearing on Tax Rate & Budget — Tuesday, September 5th
2nd Public Hearing on Tax Rate — September 11th
1st Reading — September 18th
Ordinance to adopt tax rate
Ordinance to adopt budget and pay plans
Ordinance to adopt fee updates
2nd Reading — September 25th
Ordinance to adopt tax rate
Ordinance to adopt budget and pay plans
Ordinance to adopt fee updates
Resolution to adopt CIP
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