Laserfiche WebLink
RESOLUTION NO. 2024-187R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br /> MARCOS, TEXAS RATIFYING THE PROPERTY TAX REVENUE <br /> INCREASE IN THE BUDGET FOR THE FISCAL YEAR BEGINNING <br /> OCTOBER 1,2024,THROUGH SEPTEMBER 30,2025; AND DECLARING <br /> AN EFFECTIVE DATE. <br /> RECITIALS: <br /> 1. Texas Local Government Code, Chapter 102, requires a separate vote of the City <br /> Council to ratify the property tax revenue increase reflected in the budget if the adopted budget <br /> will require raising more revenue from property taxes than the previous year. <br /> 2. The adopted budget for the fiscal year October 1, 2024, through September 30, <br /> 2025, will require more revenue from property taxes than the previous year. <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> TEXAS: <br /> PART 1. The property tax revenue increase in the budget for the fiscal year October 1, <br /> 2024 through September 30, 2025 is ratified with the following declaration: <br /> This budget will raise more revenue from property taxes than last year's <br /> budget by an amount of$2,242,670,which is a 4.5 percent increase from last year's <br /> budget. The property tax revenue to be raised from new property added to the tax <br /> roll this year is $2,622,805. In fiscal year 2025, property tax revenue from new <br /> property added to the tax roll is higher than the total growth of property tax revenue <br /> being added to the budget. This is due to low reappraisal growth combined with <br /> multiple properties being removed from the tax roll. <br /> PART 2. This resolution shall take effect immediately after its adoption. <br /> ADOPTED on September 17, 2024. <br /> Jane Hughson <br /> Mayor <br /> Attest: Approved: <br /> µ <br /> Elizabeth "Trevino Samuel Aguirre <br /> City Clerk City Att rney <br />