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CC Resolution No. 2438RESOLUTION NO. 2438 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS, RATIFYING THE PROPERTY TAX REVENUE INCREASE REFLECTED IN THE FISCAL YEAR 2016 -2017 MUNICIPAL BUDGET, IN ACCORDANCE WITH SECTION 102.007(C) OF THE TEXAS LOCAL GOVERNMENT CODE; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. ****************************************************** * * * * * * * * * * * * * * * * * * * * * * * * * * * * * ** WHEREAS, pursuant to Section 102.007(c) of the Texas Local Government Code, the adoption of a budget that will require raising more revenue from property taxes than in the previous year requires a separate vote of the governing body to ratify the increased property tax revenues reflected in the budget; and WHEREAS, the Fiscal Year 2016 -2017 Municipal Budget will raise more revenue from property taxes than the previous year because, despite no change in the actual property tax rate from $0.82203 per $100 value in the Fiscal Year 2015 -2016 to $0.82203 per $100 value in Fiscal Year 2016 -2017, the assessment of property taxes will create more revenue than last year due to increases in appraised values on pre - existing improvements and to new improvements placed on the tax rolls. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS: Section 1: That the City Council of the City of Baytown hereby ratifies the property tax revenue increase reflected in the Fiscal Year 2016 -2017 Municipal Budget. Section 2: This resolution shall take effect immediately from and after its passage by the City Council of the City of Baytown. '�n INTRODUCED, READ and PASSED by the affirmative vote c the City Council of the City of Baytown this the 8`h day of September, 2016. . DONCARLOS, Mayor A EST: ETICIA BRYSCi ity Clerk �`�,.••''"•'''••ti-1'�; •Y of �u- APPROVED AS TO FORM: s`0 ACIO RAMIltSZ, SR., It Attorney R:' Kare6%File§%City Council Resolutions\2016 September 8 PropertyTaxlncreaseReflectedinBudget .doc