(9)(a)
CITY COMMISSION REGULAR MTG
- Meeting Date:
- 09/15/2021
- Title:
- Levy Ad Valorem Tax
- Submitted For:
- Laura Boyd
- Submitted By:
- Laura Boyd, Finance
- Department:
- Finance
Information
ACTION REQUEST (Brief Summary)
Consider and take action on Ordinance No. 21-22, levying an ad valorem tax for the year 2021 for the City of Texas City. (Finance)
BACKGROUND
Consider approval of an Ordinance levying an ad valorem tax for the year 2021 for the City of Texas City, Texas, at a rate of $0.49 per $100 valuation of said property; at the rate of $0.429504 per $100 valuation of said property for the current Maintenance and Operations (M&O) expenses of said City; and, at a rate of $0.060496 per $100 valuation of said property for Interest and Sinking (I&S) expenses of said City.