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ORD 1456 08/19/2024ORDINANCE 1456 AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF CIBOLO, TEXAS, SETTING THE AD VALOREM TAX RATE FOR TAX YEAR 2024, SPECIFYING SEPARATE COMPONENTS OF SUCH RATE FOR MAINTENANCE AND OPERATIONS AND FOR DEBT SERVICE; PROVIDING A SEVERABILITY CLAUSE; AND SETTING AN EFFECTIVE DATE. WHEREAS, the City of Cibolo, Texas is an incorporated Home Rule city dependent upon taxes to provide its citizens with services; and WHEREAS, the City's appraisal roll was certified by the Guadalupe County Chief Appraiser; and WHEREAS, a no -new -revenue tax rate and voter -approval tax rate were calculated by the Tax Assessor/Collector of Guadalupe County in accordance with Texas Property Tax Code; and WHEREAS, in compliance with the State of Texas Truth -in -Taxation requirements, the required public notices were posted on the city's website and published in the local newspaper; and WHEREAS, the City of Cibolo, Texas held a public hearing on August 19, 2024; and WHEREAS, the City Council of the City of Cibolo approved the municipal budget for the fiscal year beginning October 1, 2024 and ending September 30, 2025; and WHEREAS, it is necessary that an Ordinance be passed levying an ad valorem tax on all property, both real and personal, within the corporate limits of Cibolo in accordance with such budget and Chapter 26 of the Texas Property Tax Code. NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CIBOLO, TEXAS: SECTION 1 FINDINGS The recitals are hereby found to be true and correct and are hereby incorporated as part of this Ordinance. SECTION 2 TAX LEVY The City Council of the City of Cibolo does hereby levy and adopt a tax rate per $100 valuation for this city for tax year 2024 as follows: $ 0.3197 for the purposes of Maintenance and Operation $ 0.1793 for the payment of Principal and Interest on the Debt of this city $ 0.4990 Total Tax Rate THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE. THE TAX RATE WILL EFFECTIVELY BE RAISED BY 11.16 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $32.10. SECTION 3 SEVERABILITY That it is hereby declared to be the intention of the City Council of the City of Cibolo that the phrases, clauses, sentences, paragraphs, and sections of this Ordinance are severable, and if any phrase, clause, sentence, paragraph or section of this Ordinance should be declared unconstitutional by the valid judgment or decree of any court of competent jurisdiction, such unconstitutionality shall not affect any of the remaining phrases, clauses, sentences, paragraphs or sections of the Ordinances, since the same would have been enacted by the City Council without incorporation in this ordinance of any such unconstitutional phrases, clause, sentence, paragraph or section. SECTION 4 EFFECTIVE DATE This ordinance shall take effect on the 1 st day of October, 2024. PASSED AND APPROVED AND ADOPTED THIS 19TH DAY OF AUGUST, 2024. ATTEST: Peggy Cimics, TRMC City Secretary APPROVED: