Page 275 - GrapevineFY24 Adopted Budget

ORDINANCE NO. 2023- 050

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS, SETTING THE ANNUAL TAX RATE
FOR TAX YEAR 2023 LEVYING TAXES TO BE ASSESSED
ON ALL TAXABLE PROPERTY WITHIN THE LIMITS OF THE
CITY OF GRAPEVINE, TEXAS; PROVIDING PENALTIES
AND INTEREST FOR THE DELINQUENT TAXES;
DECLARING AN EMERGENCY AND PROVIDING AN
EFFECTIVE DATE

WHEREAS, the City Council of Grapevine, Texas has approved an operating
budget for the fiscal year 2023 - 2024 ( FY 2024), in compliance with appropriate state laws
and the Charter of the City of Grapevine; and,

WHEREAS, a public hearing was held on the FY 2024 budget and all interested
parties were given an opportunity to be heard for or against any item contained therein;
and,

WHEREAS, an ad valorem tax rate of $ 0. 250560 per $ 100 valuation has been
considered for tax year 2023; and

WHEREAS, all constitutional and statutory prerequisites for the approval of this
ordinance have been met, including but not limited to the Open Meetings Act and Chapter
211 of the Local Government Code; and

WHEREAS, the City Council deems the adoption of this ordinance to be in the best
interests of the health, safety, and welfare of the public.

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

Section 1. That all matters stated hereinabove are found to be true and correct
and are incorporated herein by reference as if copied in their entirety.

Section 2. That a tax rate is hereby levied upon all taxable property in the City of
Grapevine, Texas for tax year 2023 at a rate of twenty- five and fifty six hundreds cents
0. 250560) per one hundred dollars ($ 100. 00) valuation.

Section 3. That there shall be and there is hereby levied the following taxes on each
one hundred dollars ($ 100. 00) valuation on all taxable property within the City of
Grapevine, Texas, to be assessed and collected by the Tax Assessor/Collector and
collected for tax year 2023, and said taxes are to be assessed and collected for the
purposes and in the amounts hereinafter stipulated, to -wit:

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