Ord 2006-042 - Laserfiche WebLink

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7. The City Council meeting at which this ordinance was adopted was held at San Marcos City Hall, a publicly owned building within the City to which the public normally has access. I 8. The City has complied with all other applicable requirements of the Texas Tax Code prior to the setting of the City's tax rate for 2006. 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 2006 is set at forty-seven and two hundredths cents (47.02~) 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. THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE. THE TAX RATE WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $8.80. SECTION 2. The tax rate in Section I above is levied for the tax year 2006 upon all real and personal property not exempt from taxation by the constitution and laws of this State situated within the corporate limits of the 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: I A. For the payment of current expenses and to be deposited in the general fund (for the purposes of maintenance and operation), seventeen and fifty-six hundredths cents (17 .56~) 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-nine and forty-six hundredths cents (29.46~) 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 tax rate stated in Section I of this ordinance. 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 of the I 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 by state law, the amount thereof not in any event to exceed one-half of the state occupation tax.