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HomeMy WebLinkAboutRes 2014-09-04 Ratifying Adoption of FY Budget 2014-2015.pdfCITY OF ANNA, TEXAS RESOLUTION NO. 2014-09-04 A RESOLUTION OF THE CITY OF ANNA, TEXAS ACKNOWLEDGING AND RATIFYING THAT THE ADOPTION OF THE FISCAL YEAR 2014-2015 ANNUAL BUDGET WILL REQUIRE RAISING MORE REVENUE FROM PROPERTY TAXES THAN IN THE PREVIOUS FISCAL YEAR WHEREAS, the Legislature of the State of Texas has amended Section 102.007 of the Local Government Code; and WHEREAS, a separate vote of the City Council of the City of Anna, Texas is required to ratify that the adoption of the Fiscal Year 2014-2015 Budget will require raising more revenue from property taxes than the previous fiscal year; and, WHEREAS, this resolution satisfies the aforementioned requirement; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS, THAT: Section 1. Recitals Incorporated. The facts and recitals above are incorporated herein as if set forth in full for all purposes. Section 2. Acknowledgement and Ratification of The Fiscal Year 2014-2015 annual budget will raise more revenue from property taxes than the previous fiscal year's budget by $520,417 or 18.62%, and of that amount $242,510 is tax revenue to be raised from new property added to the tax roll this year. PASSED AND APPROVED by the City Council of the City of Anna, Texas this the 9th day of September, 2014. WI" -4_ 9 'Mayor, Mike Crist 0 F q = ��11to T�x �/11101A111►1NO�� Res. 2014-09-04 Ratify the Property Tax Revenue Increase Page 1 of 1 09-09-14