3. PUBLIC HEARING ON THE PROPOSED CITY OF GALVESTON 2013/2014 BUDGET As required by Section 102.005(b) of the Texas Local Government Code: This budget will raise more total property taxes than last year's budget by $1,090,687 a 4.72% increase, and of that amount $303,699 is tax revenue to be raised from new property added to the tax roll this year. 4. PUBLIC HEARING ON A PROPOSAL TO ADOPT A TAX RATE OF $0.554000 PER $100 VALUATION, WHICH WILL EXCEED THE LOWER OF THE ROLLBACK RATE OR THE EFFECTIVE RATE CALCULATED UNDER CHAPTER 26, TAX CODE
5. ANNOUNCE: The second public hearing on the proposed tax rate is set for Thursday, September 12, 2013 during the Regular City Council Meeting. 6. ADJOURNMENT
Sep 05, 2013 Special Council
3. PUBLIC HEARING ON THE PROPOSED CITY OF GALVESTON 2013/2014 BUDGET As required by Section 102.005(b) of the Texas Local Government Code: This budget will raise more total property taxes than last year's budget by $1,090,687 a 4.72% increase, and of that amount $303,699 is tax revenue to be raised from new property added to the tax roll this year. 4. PUBLIC HEARING ON A PROPOSAL TO ADOPT A TAX RATE OF $0.554000 PER $100 VALUATION, WHICH WILL EXCEED THE LOWER OF THE ROLLBACK RATE OR THE EFFECTIVE RATE CALCULATED UNDER CHAPTER 26, TAX CODE
5. ANNOUNCE: The second public hearing on the proposed tax rate is set for Thursday, September 12, 2013 during the Regular City Council Meeting. 6. ADJOURNMENT