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<br /> -12- <br /> (j) A revenue and expense statement for all <br /> types of bonds. <br /> (k) A description of all bond issues outstanding, <br /> showing rate of interest, date of issue, <br /> maturity date, amount authorized, amount <br /> issued and amount outstanding. <br /> (1) A schedule of requirements for the principal <br /> and interest of each issue of bonds. <br /> (m) The appropriation ordinance. <br /> (n) The tax levying ordinance. <br /> By June 30 of each year, after public hearing, the City <br /> Council shall formulate a policy statement to be used <br /> by the City Manager as direction during the preparation <br /> of said proposed budget. <br /> VII. Article X. Tax Administration. <br /> A. Section 10.03. Property Subject to Tax, Methods of <br /> Assessment. <br /> It is recommended that the section be rewritten to conform <br /> to current state law. <br /> Proposed wording: <br /> All real and tangible personal property that the <br /> State of Texas has jurisdiction to tax, shall be subject <br /> to annual taxation by the City of San Marcos unless ex- <br /> empted by state law if the real property is located <br /> within the corporate limits of the City of San Marcos <br /> on January 1 and the tangible personal property is: <br /> 1) located in the City of San Marcos on January <br /> 1 for more than a temporary period; <br /> 2) normally located in the City of San Marcos, <br /> even though it is outside the City on January <br /> l, if it is outside the City only temporarily; <br /> 3) normally returned to the City of San Marcos <br /> between uses elsewhere and is not located in <br /> anyone plàce for more than a temporary period; <br /> or <br />