Page 615 - Bedford-FY25-26 Budget

CITY OF BEDFORD Return to Executive Overview
ORDINANCE NO. 2025-3449

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BEDFORD, TEXAS,
LEVYING TAXES FOR THE TAX YEAR 2025; ESTABLISHING THE AD
VALOREM TAX RATE OF $0.526212 PER ONE HUNDRED DOLLARS
VALUATION; PROVIDING FOR THE APPORTIONMENT OF TAXES FOR
INTEREST AND SINKING FUND FOR CERTAIN BOND INDEBTEDNESS AND
FOR GENERAL OPERATING NEEDS; PROVIDING PENALTIES AND
INTEREST FOR DELINQUENT TAXES; AND PROVIDING AN EFFECTIVE
DATE.

WHEREAS, a budget has been adopted by the City Council of Bedford, Texas, covering
the proposed expenditures of the municipal government of the City of Bedford for the fiscal year
beginning October 1, 2025 and ending September 30, 2026; and,

WHEREAS, the Tarrant County Tax Assessor-Collector, as the designated officer for the
City of Bedford, has calculated the no-new-revenue rate and voter-approval rate for the 2025 tax
year for consideration by the City Council in accordance with the Tax Code; and,

WHEREAS, said budget reflects the needs for revenue to meet the expenses proposed
· therein; and,

WHEREAS, the City is required to accumulate an Interest and Sinking Fund for certain
outstanding bond indebtedness; and,

WHEREAS, all statutory and constitutional requirements for the passage of this ordinance
have been adhered too, including, but not limited to, the Open Meetings Act; and,

WHEREAS, the City Council of Bedford, Texas, determines that the passage of this
ordinance is in the best interests of the health, safety and welfare of the public; and,

WHEREAS, THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE
AND OPERATIONS THAN LAST YEAR'S TAX RATE; and,

WHEREAS, THE TAX RATE WILL EFFECTIVELY BE RAISED BY 3.83
PERCENT AND WILL INCREASE TAXES FOR MAINTENANCE AND OPERATIONS
ON A $100,000 HOME BY APPROXIMATELY $14.47.

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

SECTION 1.

The facts and recitations contained in the preamble of this Ordinance are hereby found
and declared to be true and correct.

City of Bedford, TX | Adopted Budget FY 2025-2026
Page 614