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HomeMy WebLinkAboutCity Council Resolutions (R-07-2887)-09/18/2007RESOLUTION R-07-2887 A RESOLUTION RATIFYING THE TAX INCREASE APPROVED IN THE FISCAL YEAR 2007-2008 GENERAL FUND AND DEBT SERVICE FUND BUDGETS ADOPTED BY ORDINANCE 0-07-1636 AS REQUIRED BY SECTION 102.007 SUBSECTION (C) OF THE TEXAS LOCAL GOVERNMENT CODE WHEREAS, Section 102.007 Subsection (c) of the Texas Local Government Code now requires that the adoption of a budget that will raise more revenue from property taxes than in the previous year requires a separate vote of the governing body to ratify the property tax increase reflected in the budget; and WHEREAS, the Fiscal Year 2007-2008 General Fund and Debt Service Fund budgets adopted by Ordinance 0-07-1636 will raise more revenue from property taxes than in the previous year. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE, TEXAS: Sec.1. THAT the City Council hereby ratifies the property tax increase approved in the Fiscal Year 2007-2008 General Fund and Debt Service Fund budgets adopted by Ordinance 0-07-1636. AND IT IS SO RESOLVED. APPROVED BY A VOTE OF ,.,~ ABSTENTIONS ON THIS THE 2007. AYES, ~ NAYS AND a DAY OF ATTES ~` %~ Cynthia Singleton, TRMC, CMC City Secretary CITY OF COLLEYVILLE David Kelly Mayor