RESOLUTION NO. R-18-20
A RESOLUTION OF THE COMMISSION OF THE CITY OF MARSHALL, TEXAS ANNOUNCING A PROPOSED TAX RATE OF $0.542160 PER $100 VALUATION AND VOTING TO PLACE AN ACTION ITEM TO ADOPT THE TAX RATE ON A FUTURE COMMISSION AGENDA
WHEREAS, the Tax Code of the State of Texas requires the governing body to announce a tax rate and schedule and announce the date and time to adopt a tax rate if the tax rate exceeds the effective tax rate or rollback rate, whichever is lower; and,
WHEREAS, the Commission of the City of Marshall proposes to adopt a tax rate of $0.542160 per $ 100 valuation for the City's 2019 Budget which exceeds the effective tax rate; and,
WHEREAS, since the proposed tax rate will exceed the effective tax rate; now, therefore
BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MARSHALL, TEXAS:
That the City Commission will on Thursday, September 13, 2018 at 6:00 p.m. and Friday, September 14, 2018 at 8:00 a.m. in the City Commission Chambers, Marshall City Hall, 401 South Alamo, adopt the proposed tax rate of $0.542160 per $100 of valuation for the City's 2019 Budget for the fiscal period January l, 2019 through December 31, 2019.
PASSED, APPROVED, AND ADOPTED this 23rd day of August, 2018.
City of Marshall, Texas
Elaine Altman, City Secretary
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