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ORD 1113 09/09/2014 ' \ \\\\\\ 4S r i 11 Tex AS ".City of Choice" ORDINANCE NO. 1 1 ] AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF CIBOLO, GUADALUPE COUNTY, TEXAS, LEVYING A TAX RATE FOR THE TAX YEAR 2014 WHEREAS, an effective tax rate was calculated by the Tax Assessor/Collector of Guadalupe County and publication requirements were accomplished in accordance with Chapter 26 of the Texas Property Tax Code; NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CIBOLO,TEXAS: We, the City Council of the City of Cibolo, do hereby levy and adopt the effective tax rate per $100 valuation for this city for tax year 2014 as follows: $ 0.2745 for the purposes of Maintenance and Operation $ 0.1709 for the payment of Principal and Interest on the Debt of this city $ 0.4454 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 3.16 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $-1.40. This ordinance shall take effect on the 1 st day of October, 2014. PASSED AND APPROVED AND ADOPTED THIS 9'DAY OF SEPTEMBER,2014. APPROVED: Lisa M. Jackson,Ulayor ATTEST: ILI Peggy Cimics City Secretary u