Chapter 102 of the Texas Local Government Code brings into the budget process truth-in-taxation disclosure concepts. Any budget to be enacted after September 1, 2007, that raises more property tax revenue than the previous year requires two votes by the City Council:
a. One vote to adopt the budget; and
b. A separate vote to ratify the property tax revenue increase reflected in the budget.
This resolution addresses (b) as required by Chapter 102 of the Texas Local Government Code. |