Ord 2000-061 (2) - Laserfiche WebLink

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# --. 0.... 224. ORDINANCE NO. 2000- 61 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, SETTING THE TAX RATE FOR THE 2000 TAX YEAR; LEVYING TAXES FOR THE USE AND SUPPORT OF THE MUNICIPAL GOVERNMENT OF THE CITY FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2000, AND ENDING SEPTEMBER 30, 2001; PROVIDING A SINKING FUND FOR THE RETIREMENT OF THE BONDED DEBT OF THE CITY; AND DECLARING AN EMERGENCY. RECITALS: 1. The Chief Appraiser of the Hays County Appraisal District has prepared and certified the appraisal roll for the City, being that portion of the approved appraisal roll of the Hays County Appraisal District which lists property taxable by the City. 2. The Tax Assessor for the City has performed the statutory calculations required by Section 26.04 of the Texas Tax Code, and has publicized the effective tax rate, the rollback tax rate, and an explanation of how they were calculated, and has fulfilled all other requirements for publication as contained in Section 26.04( e) of the Tax Code, in a manner designed to come to the attention of all residents of the City and has submitted the rates to the City Council. 3. The City Council has complied with all applicable requirements of the Texas Tax Code prior to the setting of the tax rate for the City for 2000. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: SECTION 1. The tax rate for the City of San Marcos, Texas, for the tax year 2000 is set at forty-six and one-tenth cents (46.l~) on each one hundred dollars ($100) of the taxable value of real and personal property not exempt from taxation by the constitution and laws of this state situated within the corporate limits of the City. SECTION 2. This tax is levied for the tax year 2000 upon all real and personal property not exempt from taxation by the constitution and laws of this state situated within the corporate limits ofthe City, and shall be collected for the use and support of the municipal government of the City of San Marcos, Texas, to provide a sinking fund for the retirement of the bonded debt of the City and to provide for permanent improvements in the City; and this tax shall be apportioned to the following specific purposes: A. For the payment of current expenses and to be deposited in the general fund (for the purposes of maintenance and operation) seventeen and nine-tenths cents (17.9~) on each one hundred dollars ($100) of the taxable value of such property; and, B. To provide for a sinking fund for the payment of the principal and interest and the retirement of the bonded debt as it becomes due, twenty-eight and two-tenths cents (28.2~) on each one hundred dollars ($100) of the taxable value of such property, or so much thereof, or so much more, if any, as shall be necessary to pay the principal and interest of the current year. SECTION 3. The Tax Assessor Collector is authorized to assess and collect the taxes of the City employing the above tax rate. SECTION 4. There is levied and there shall be collected from every person, firm, association or corporation pursuing any occupation taxed by the laws of Texas and against whom an occupation tax can be levied by the City, an annual occupation tax equal to one-half (112) of the state occupation tax, which tax shall be paid annually in advance except as otherwise provided by state law, in which event such tax shall be levied, collected, and paid as is provided