Consider approval of an Ordinance levying an ad valorem tax for the year 2025 for the City of Texas City, Texas, at a rate of $0.478433 per $100 valuation of said property; at the rate of $0.399737 per $100 valuation of said property for the current Maintenance and Operations (M&O) expenses of said City; and, at a rate of $0.078696 per $100 valuation of said property for Interest and Sinking (I&S) expenses of said City.

The vote on adoption of the tax rate can take place at the same meeting as the public hearing.

Texas Tax Code section 26.06(e) requires the meeting to vote on adoption of the tax rate take place no less than the seventh day after the public hearing.
 
Staff has worked hard to keep the cost down while maintaining the same or better service levels to the residents. Management is recommending adopting a tax rate of $0.xx per $100 of property value, which is the same as the current rate.

Management is recommending adopting the NNR tax rate of $0.478433 per $100 of property value.