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113 '"C- C'\ >- ¡g CL- ~ C;;: Q --v ~ '~ ~ <::> :;,- - _<..0 -.:.:; ~ I o. o-J Q') Q, ~- - "rI'I " <:> \'::.( ~ '-~. ç:: ;::. "'...." -'- ðç:s ...... ORDINANCE 1996-S~,4 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, SETTING THE TAX RATE FOR THE 199q TAX YEAR; LEVYING TAXES FOR THE USE AND SUPPORT OF THE MUNICIPAL ! GOVERNMENT OF THE CITY FOR THE FISCAL YEAR BEGINNING ¡ OCTOBER 1,1996, AND ENDING SEPTEMBER 30,1997; 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 at the meeting of August 12. 1 g gfj 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 1996. 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 1996 is set at forty-four cents ($0.44) on each one hundred dollars ($100) of the taxable value of real and personal property not exempt from taxation by the constitution ~nd laws of this state situated within the corporate limits of the City. SECTION 2. This tax is levied for the tax year 1996 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: A. For the payment of current expenses and to be deposited in the general fund(for the purposes of maintenance and operation) twenty-seven and seventy-seven hundredths cents (27.77rj;) on each one hundred dollars ($100) of the taxable value of such property; and, : i B. To provide for a sinking fund for the payment of the principal and interest and the retirement of the bonded debt, as the same shall become due sixteen and twenty-three hundredths cents (16.23ct) on eÇJ.ch 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 is authorized to assess and collect the taxes of the City employing the above tax rate.