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Ord. 1620 2022-09-26 ORDINANCE NO. 1620 An Ordinance adopting a tax rate of $0.623765 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 2022. 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 taxable year 2022 upon all property, real, personal, and mixed within the corporate limits of said City subject to taxation, a tax of $0.623765 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 $0.28500 on each $100 valuation of property, and (2) For the Interest and Sinking Fund, the sum of $0.338765. Section 2. THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE; and THE TAX RATE WILL EFFECTIVELY BE RAISED BY 16.02 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $16.02. Section 3. 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 Chief Financial Officer, 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 Chief Financial Officer 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. DocuSign Envelope ID: 72F25F9F-2561-410E-9F87-51A935D77E4C ORDINANCE NO. 1620 2 PASSED and APPROVED ON FIRST READING this the 12th day of September, A.D., 2022. ________________________________ J.KEVIN COLE MAYOR ATTEST: _____________________________ FRANCES AGUILAR, TRMC, MMC CITY SECRETARY PASSED and APPROVED ON SECOND and FINAL READING this the 26th day of September, A. D., 2022. ________________________________ J.KEVIN COLE MAYOR ATTEST: ___________________________ FRANCES AGUILAR, TRMC, MMC CITY SECRETARY APPROVED AS TO FORM: ___________________________ DARRIN M. COKER CITY ATTORNEY DocuSign Envelope ID: 72F25F9F-2561-410E-9F87-51A935D77E4C