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HomeMy WebLinkAboutORD 19-057ORDINANCE NO. 19-057 ENTITLED AN ORDINANCE RATIFYING THE BUDGETED PROPERTY TAX INCREASE REFLECTED IN THE FY 2020 BUDGET. WHEREAS, the proposed FY 2020 budget will raise more total property taxes than last year's budget by $1,305,000.00 or 2.57%; and, WHEREAS, the adoption of a budget that will raise more revenue from property taxes than in the previous year requires a vote separate from and in addition to the vote to adopt the budget; NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BEAUMONT: 0artinn 1 THAT the statements and findings set out in the preamble to this ordinance are hereby, in all things, approved and adopted. Section 2. That the property tax increase reflected in the budget which will raise more total property taxes than last year's budget by $1,305,000.00 be and the same is hereby, by separate vote, ratified. The meeting at which this ordinance was approved was in all things conducted in strict compliance with the Texas Open Meetings Act, Texas Government Code, Chapter 551. PASSED BY THE CITY COUNCIL of the City of Beaumont this the 17th day of September, 2019. "I move that the property tax rate be increased by the adoption of a tax rate of 0.710000, which is effectively a 1.55 percent increase in the tax rate. The tax rate is the same as the 2019 tax rate but is 1.55 percent above the 2019 effective tax rate. This is the third year the tax rate has remained the same." EXHIBIT "A"