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I I co N C.) (~ .. ~ - 0 :-. ;::; c.... '<0 c: ~i1 o- r --I \,- 00-< I-" qr 1>>(') :] r- cc !:!om s:m I') ~ I>>:D Cj n" Cj 0 en ~ en c.L ::"':': ,}- -. J! ,,-,".- ~ . C.) ~ -- !,- <~ ;)' 0- l' \.~ 1 1"'- ' AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, SETTING THE TAX RATE FOR THE 2006 TAX YEAR; LEVYING TAXES FOR THE USE AND SUPPORT OF THE MUNICIPAL GOVERNMENT OF THE CITY FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2006, AND ENDING SEPTEMBER 30, 2007; PROVIDING A SINKING FUND FOR THE RETIREMENT OF THE BONDED DEBT OF THE CITY; INCLUDING PROCEDURAL PROVISIONS; AND DECLARING AN EMERGENCY. ORDINANCE NO. 2006- 42 r- I 0- W en ~ C=> C=> c-..., - c.) ."- OJ RECITALS: 1. The Chief Appraiser of the Hays Central Appraisal District has prepared and certified the appraisal roll for the City, being that portion of the approved appraisal roll of the Hays Central 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 discussed the tax rate for the 2006 tax year at its meeting on August 15, 2006, and at that meeting the Council agreed to consider a proposed tax rate of 47. 02~ per $100 of the taxable value, a rate that exceeded the effective tax rate, and the City Council directed the staff to schedule public hearings on August 28th and August 3151 to discuss the proposed tax rate. 4. Notice of the public hearings on the proposed tax rate was published in accordance with applicable requirements of State law in the San Marcos Daily Record on August 20, 2006. 5. The City Council held public hearings on August 28th and August 31 5t (each being a weekday that was not a public holiday) to discuss the proposed tax rate at San Marcos City Hall, a publicly owned building within the City to which the public normally has access. At each of the hearings, the City Council afforded adequate opportunity for proponents and opponents of the tax increase to present their views, and after each of the hearings, the City Council announced the date, time and location of the public meeting at which the vote on adoption of the tax rate was to occur. 6. Notice of the scheduled City Council vote on the proposed tax rate was published in accordance with applicable requirements of State law in the San Marcos Daily Record on September 3, 2006.