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RES 1691 08/19/2024 Funding Mech Disabled Vetsy of C/s c u o • PC X'0 A RESOLUTION BY THE CITY COUNCIL OF THE CITY OF CIBOLO, TEXAS SUPPORTING STATE LEGISLATION TO ESTABLISH A DEDICATED FUNDING MECHANISM FOR THE DISABLED VETERANS HOMESTEAD EXEMPTION (DVHS) PROGRAM AND OTHER MATTERS IN CONNECTION THEREWITH. WHEREAS, the city of Cibolo recognizes the invaluable contributions of veterans in our community through their service and sacrifice to our county; and WHEREAS, the city supports the original legislation for the DVHS property tax relief program for disabled veterans which was not intended to disproportionately impact communities; and WHEREAS, 100% disabled veterans' exemptions make up 20% of all homestead residences in Cibolo and veterans with any disabled exemption aid makes up 46% of homesteads in Cibolo; and WHEREAS, the amount of ad valorem tax revenue the city did forgo in FY 2023-24 due to the DVHS tax exemption was $3.6 million which was equivalent to 11.45 cents on the city's tax rate for FY 2023-24; and WHEREAS, the city believes the state of Texas should pass legislation to create a dedicated funding mechanism for the DVHS property tax relief program; and WHEREAS, the city believes such legislation would provide essential financial support to cities uniquely impacted by high concentrations of DVHS exemptions, enabling them to more effectively manage property tax rates without compromising critical public services. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CIBOLO, TEXAS: SECTION 1 The City of Cibolo hereby expresses its strong support for proposed state legislation that will create a dedicated funding mechanism for the DVHS property tax exemption program. SECTION 2 The City Council directs the City Manager and other appropriate city officials to actively advocate for the passage of such legislation, including, but not limited to, communicating with state legislators, participating in relevant hearings and meetings, and collaborating with other municipalities and organizations in support of this cause. SECTION 3 The City of Cibolo pledges to continue exploring and supporting additional measures that can provide financial relief to communities impacted by high concentration of the DVHS exemption. EFFECTIVE DATE This Resolution shall take effect upon approval of the City Council. BE IT FURTHER RESOLVED that a copy of this resolution be forwarded to the Texas Municipal League (TML), and the state legislative delegation representing the City of Cibolo, and other relevant state officials to formally convey the City's support for this critical legislation. PASSED AND APPROVED AND ADOPTED THIS 19TH DAY OF AUGUST, 2024. ATTEST: -�7 &7 --' Peg✓✓✓gy Cimics, TRMC City Secretary 02UXIS]r/:1131 Mark Allen