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HomeMy WebLinkAboutR84-745RESOLUTION NO. R84-745 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PIAINVIEW, TEXAS DETERMINING THE NERD FOR AN INCREASE 2I THE MUNICIPAL TAX LEVY, DETERMIIqING THE AMOUNT OF TAX LEVY Ik~REASE AND CALLING A PUBLIC HEARING AS PRESCRIBED BY LAW. ©0 °18 WHEREAS, a review of the financial requirements for Fiscal Year 1984-85 has been rode by the city Council of the City of Plainview; and WHEREAS, a reduction in tax revenues is anticipated for Fiscal Year 1984-85; and WHEREAS, additional funds will be required to meet the financial requirements for Fiscal Year 1984-85; and WHEREAS, an increase of the tax levy in excess of three percent (3%) will be required to raise the additional funds required; and WHEREAS', State Law requires that a tax rate hearing be conducted in the event of such an increase: NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Plainview, Texas: 1) 2) 3) That a tax levy increase in the s~ount of three cents ($0.03) per $100 assessed property evaluation be and is hereby determined to be required to meet the financial requirements for Fiscal Year 1984-84. That a public hearing to discuss the proposed tax levy increase with taxpayers be and is hereby called to be conducted on Thursday, A~gust 30, 1984, at 7:30 p.m., in the Council Chambers of City Hall at 901 Broadway, Plainview, Texas. That the Director of Finance be and is hereby authorized and directed to publish a notice of said public hearing in the manner prescribed by State Law. Resolution No. R84-745 ©0 PASSED AI~D APPROVED this the 14th day of August, 1984. VC~ING FOR PROPOSAL: Barbara Dorman Andy Taylor Junior Brown Bobby James T~m A~ay None None VOTING AGAINST PROPOSAL: ABSENT AND NOT VOTING: E.V. RIDLEHUBER, Mayor ST: ~ ~~T' .~' S~. DOE ~c~~ ON, ~~CiQty C~lerk