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HomeMy WebLinkAboutRes 2022-09-1257 Ratifying Property Tax Revenue Increase FY 2023 BudgetCITY OF ANNA, TEXAS RESOLUTION NO. !kL?g ? - V!i =j Ln % A RESOLUTION OF THE CITY OF ANNA, ACKNOWLEDGING AND RATIFYING THAT THE ADOPTION OF THE FISCAL YEAR 2022=2023 ANNUAL BUDGET WILL REQUIRE RAISING MORE REVENUE FROM PROPERTY TAXES THAN IN THE PREVIOUS FISCAL YEAR WHEREAS, The City Council (the "Council") of the City of Anna wishes to comply with Section 102.007 of the Local Government Code; and WHEREAS, Section 102.007 of the Local Government Code requires a separate vote of the Council if the 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 The Fiscal Year 2022-2023 annual budget will raise more revenue from property taxes than the previous fiscal year's budget by $2,933,047 or 29.3%, and of that amount $1,456,946 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 on this 13th day of September, 2022. ATTESTED: City Secretary Carrie L. Land' PE X APPROVED: r Nate Pike