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. ORDINANCE NO. 2008-36 <br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF <br />SAN MARCOS, TEXAS, SETTING THE TAX RATE FOR THE <br />2008 TAX YEAR; LEVYING TAXES FOR THE USE AND <br />SUPPORT OF THE MUNICIPAL GOVERNMENT OF THE <br />CITY FOR THE FISCAL YEAR BEGINNING OCTOBER 1, <br />2008, AND ENDING SEPTEMBER 30, 2009; PROVIDING A <br />SINKING FUND FOR THE RETIREMENT OF THE BONDED <br />DEBT OF THE CITY; INCLUDING PROCEDURAL <br />PROVISIONS; AND DECLARING AN EMERGENCY. <br />RECITALS: <br />1. The Chief Appraiser of the Hays Central Appraisal District has prepared and certified <br />the appraisal roll for the City, being that portion of the approved appraisal roll of the Hays <br />Central Appraisal District which lists property taxable by the City. <br />2. The Tax Assessor for the City has performed the statutory calculations required by <br />Section 26.04 of the Texas Tax Code, and has publicized the effective tax rate, the rollback tax <br />rate, and an explanation of how they were calculated, and has fulfilled all other requirements for <br />publication as contained in Section 26.04(e) of the Tax Code, in a manner designed to come to <br />• the attention of all residents of the City, and has submitted the rates to the City Council. <br />3. The City has complied with all applicable requirements of the Texas Tax Code prior to <br />the setting of the City's tax rate for 2008. <br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />SECTION 1. The tax rate for the City of San Marcos, Texas, for the tax year 2008 is set <br />at 53.02 cents (53.02 ¢) on each one hundred dollars ($100) of the taxable value of real and <br />personal property not exempt from taxation by the constitution and laws of this state situated <br />within the corporate limits of the City. <br />SECTION 2. The tax rate in Section I above is levied for the tax year 2008 upon all real <br />and personal property not exempt from taxation by the constitution and laws of this state situated <br />within the corporate limits of the City, and shall be collected for the use and support of the <br />municipal government of the City of San Marcos, Texas, to provide a sinking fund for the <br />retirement of the bonded debt of the City, and to provide for permanent improvements in the <br />City; and this tax shall be apportioned to the following specific purposes: <br />A. For the payment of current expenses and to be deposited in the general fund (for the <br />. purposes of maintenance and operation), twenty and six hundredths cents (20.06¢) on <br />each one hundred dollars ($100) of the taxable value of such property; and,