Page 353 - Watauga FY22-23 Budget

CITY OF WATAUGA, TEXAS
ORDINANCE NO. 2022- I to

AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF
WATAUGA, TEXAS, RATIFYING A PROPERTY TAX INCREASE
REFLECTED IN THE CITY OF WATAUGA BUDGET FOR FISCAL
YEAR BEGINNING OCTOBER 1, 2022, AND ENDING SEPTEMBER
30, 2023, IN ACCORDANCE WITH TEXAS LOCAL GOVERNMENT
CODE SECTION 102. 007; PROVIDING FOR REPEAL; PROVIDING
FOR SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE

WHEREAS, the City Council finds the proposed budget for the 2022- 2023 Fiscal
Year for the City of Watauga will require raising more revenue from property taxes than
in the previous fiscal year; and

WHEREAS, the City Council finds Section 102. 007 of the Texas Local
Government Code requires a separate vote by the City Council to ratify a property tax
increase when adopting a budget that will require raising more revenue from property taxes
than in the previous fiscal year; and

WHEREAS, the City Council finds this vote is in addition to and separate from the
vote to adopt the budget and the vote to set the tax rate.

NOW, THEREFORE, BE IT ORDAINED by the City Council for 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 adopted herein for all purposes.

II.

The budget for the City of Watauga for the fiscal year beginning October 1, 2022,
and ending September 30, 2023, will raise more revenue from property taxes than the
previous fiscal year' s budget by $ 627, 484 or 7. 26%, and of that amount, $ 6, 886 is tax
revenue to be raised from new property added to the tax roll this year. The property tax
increase that is reflected in the budget for the City of Watauga for the fiscal year beginning
October 1, 2022, and ending September 30, 2023, is hereby ratified.

III.

This Ordinance shall be and is hereby cumulative of all other Ordinances of the
City of Watauga, Texas, and this Ordinance shall not operate to repeal or affect any such
other Ordinances except insofar as the provisions thereof might be inconsistent or in

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