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Ord. 1294 2006-09-11ORDINANCE NO. 1294 AN ORDINANCE 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 2006. 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 Six upon all property, real, personal, and mixed within the corporate limits of said City subject to taxation, a tax of $0.652659 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 $0.298974 on each $ 100 valuation of property, and (2) For the Interest and Sinking Fund, the sum of $0.353685. 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 ORDINANCE NO. 1294 payable to the General Fund of the City. Section 3. That this ordinance shall take effect and be in force from and after its passage on second and final reading. PASSED and APPROVED ON FIRST READING this the 5th day of September, A.D., 2006. TOM REID MAYOR TTEST: UNGi'ri'iG, TY SRETAR PASSED and APPROVED ON SECOND AND FINAL READING this the 11th day of September, A. D., 2006. ATTEST: Y NG FI G% R C Y SECRETARY APPROVED AS TO FORM: II.JA. "Z. Gilt--.., DARRIN M. COKER CITY ATTORNEY 2 OM REID MAYOR AFFIDAVIT OF PUBLICATION The Pearland Reporter . News 2404 South Park Pearland, Texas 77581 State of Texas Brazoria and Harris Counties I, Lloyd Morrow, hereby certify that the notice hereby appended was published in THE REPORTER NEWS, a newspaper of general circulation in Brazoria, Harris and Galveston Counties, for / issues, as follows: No. / Date C /6 20 al. No Date 20 No. Date 20 No Date 20 No. Date 20 Subscribe and sworn to before me this /7 20 e'C CFO day of Laura Ann Emmons, Publisher Notary Public, State of Texas `dice of Public Hearing on -Tax Increase:-_.. £ :.. . The City of Pearland will hold a public hearing on a proposal to increasetotaltax revenues frompropertieson the tax roll in the preceding tax year by 5.02 percent (percentage by which proposed tax rate exceeds lower of rollback tax rate or effective tax • calculated under Chapter 26, Tax Code). Your individual taxes may increase at a greater or lesser rate, or even decrease, depending on the change in the taxable value of your property in relation to the change in taxable value of all other property and the tax rate that is adopted. The public hearing(s) will be held on August 28,.2006 at 6:30 PM and September 5,20,06 at 6:30 PM at City Hall Council Chambers, 3519 Liberty Drive Pearland, Texas The members of the goveming body voted on the proposal to consider the tax increase as follows: FOR: Councilmembers Steve Saboe, Richard Tetens, Helen Beckman, Felicia Kyle, Kevin Cole AGAINST: PRESENT and not voting: Mayor Tom Reid ABSENT:. Comparison of Proposed Budget with Last Year's Budget The, applicable percentage increase or decrease (or difference) in the amount budgeted in the preceding fiscal year and the amount budgeted for the fiscal year that begins during the current tax year is indicated for each of the following expenditure ,categories: • Maintenance and operations 12.77% increase • Debt service 25.28% increase Total expenditures 16.13% increase Total Appraised Value and Total Taxable Value as calculated under section 26.04, Tax Code Preceding Tax Year Current Tax Year Total appraised value* of all property $4,197,848,740 $5,053,170,060 Total appraised value* of new property** $357,595,257 $425',988,588 Total taxable value** of all property $3,651,984,206 $4,413,424,110 Total taxable value*** of new property** $354,105,857 $423,200,548 . 'Bonded Indebtedness • - — Total-amount-of---outstanding-and unpaid -bonded -indebtedness $186,580;000- Tax Rates Adopted tax rate for the preceding tax year $0:674400 per $100 in value Proposed tax rate for the current tax year $0.660500 per $100 in value Difference in the proposed tax rate andthe adopted tax rate for the preceding tax year $(0.013900) per $100 in value Percentage increase or decrease in the proposed tax,rate and the adopted tax rate for (2.06)% (Decrease) the preceding tax year These tax rate figures are not adjusted for changes in the taxable value of property. Comparison of Residence Homestead Values Average appraised and taxable values on residence homesteads are compared from the preceding tax year and the current - tax year. _- i Preceding Tax Year Current Tax Year ; Average residence homestead appraised value $158,919 $164,387 Homestead exemption amount for the taxing unit $0 $0 (excluding special exemptions for persons 65 years of age or older or disabled) Average taxable value of a residence homestead $158,919, $164,387 (excluding special exemptions for persons 65 years of age or older or disabled) Comparison of Residence Homestead Taxes The taxes that would have been imposed in the preceding tax year on a residence homestead at the average appraised value (excluding special exemptions for persons 65 years of age or older or disabled) are estimated to be $1,071.75. The taxes that would beunposed in thecurrent tax year on a residence homestead appraised at the average appraised value in the current tax year (cxeluding special exemptions for persons 65 years of age or older or disabled), if the proposed tax rate is adopted, are estimated to be $1,085.78. The difference between the amount of taxes on the average residence homestead in the current tax year, if the .proposed tax rate -is adopted, and theprecedingtax year would be an increase of $14.03 in taxes..- "' "Appraised value" is the amount shown on the appraisal roll and defined by Section 1.04(8), Tax Code. ** "New property" is defined by Section 26.012(17), Tax Code. *** "Taxable value" is defined by Section 1.04(10), Tax Code. AFFIDAVIT OF PUBLICATION The Pearland Reporter News 2404 South Park Pearland, Texas 775.81 State of Texas Brazoria and Harris Counties 1 Lloyd Morrow, hereby certify that the notice hereby appended was: published :• in THE. REPORTER NEWS, a newspaper of general circulation in Brazo i " and Galveston Counties, for % na, Hams .issues, as follows: No. No. No. No. No. Date Date Date Date Date Subscribe and sworn to before me this 20 .. • LAURA ANN AMNIONS Notary Public, State of Texas MY Commission Expires 09-09-2010 20 20 20 20 20 day of Laura Ann .Emmons; - u• isher • Notary Public, •State of Texas C\c la/ lie T1-1 of Vote on Tax Rate The City of Pearland conducted a"public hearing on a proposal to - increase the total tax revenues of the , City'of Pearland from properties on the tax roll in the preceding L.Jar by 5.02.percent on August 28, 2006 at 6:30 PM and will conduct another public hearing on September 5, 2006 at 6:30 PM. The City Council is scheduled to vote on the tax rate that will result in that tax increase at a public meeting to be held on September 5, 2006 and September 11, 2006, at 7:30 PM at City Hall Council Chambers, • '3519 Liberty Drive Pearland, Texas. — • • 1.__,