Page 352 - City of Watauga FY22 Adopted Budget

CITY OF WATAUGA, TEXAS
ORDINANCE NO. 2021- 042

AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF
WATAUGA, TEXAS LEVYING AD VALOREM TAXES FOR THE
2021 TAX YEAR FOR USE AND SUPPORT OF THE MUNICIPAL
GOVERNMENT OF THE CITY OF WATAUGA, TEXAS FOR THE
2021- 2022 FISCAL YEAR; APPORTIONING EACH LEVY FOR
SPECIFIC PURPOSES; PROVIDING THE DATE ON WHICH SUCH
TAXES SHALL BE DUE AND TIMELY PAID; PROVIDING FOR
REPEAL; PROVIDING FOR SEVERABILITY; AND PROVIDING AN
EFFECTIVE DATE

WHEREAS, the City Council finds the City of Watauga, Texas has previously
complied with all notice, publications and public hearing requirements of the Home Rule
Charter of the City of Watauga, Texas and the laws of the State of Texas providing for the
consideration and adoption of the 2021 Tax Year Property Tax Rate; and

WHEREAS, the City Council finds ad valorem taxes should be levied and collected
to provide a portion of the revenues necessary for the use and support of the City of
Watauga, Texas municipal government.

NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF WATAUGA, TEXAS:

I.

The facts and recitations set forth in the preamble of this ordinance are hereby found
to be true and correct and are adopted herein for all purposes.

II.

There is hereby levied and there shall be collected for the use and support of the
municipal government of the City of Watauga, Texas, and to provide an Interest and
Sinking Fund, for the 2021- 2022 Fiscal Year, upon all property, real, personal and mixed,
within the corporate limits of the City subject to taxation, a tax of $0. 580400 on each
100. 00 valuation of property, said tax being so levied and apportioned to the specific
purposes herein set forth:

1. For the maintenance and support of the general government( General Fund),
0. 395445 on each$ 100.00 valuation of property; and

2. For the Interest and Sinking Fund, $ 0. 184955 on each$ 100. 00 valuation of
property.

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