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ORD 1022 09/11/2012 0 f' CI * ( ,i * �r Ai % \/ .. T£ xo• "City of Choice" ORDINANCE NO. 10 2 2 ORDINANCE TO RATIFY INCREASE OF $600,886 IN PROPERTY TAX REVENUES FROM LAST YEAR'S OPEATING BUDGET AS REFLECTED IN THE 2012-2013 PROPOSED BUDGET. Whereas, Section 102.007 (c) of the Texas Local Government Code provides that adoption of a budget that will require raising more revenue from property taxes than in the previous year requires a separate vote of the governing body to ratify the property tax increase reflected in the budget and that a vote under this subsection is in addition to and separate from the vote to adopt the budget or a vote to set the tax rate; BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CIBOLO, TEXAS: SECTION 1.That the City Council ratifies the increase of$600,886 in property tax revenues from last year's operating budget as reflected in the 2012-2013 Proposed Budget. PASSED AND APPROVED AND ADOPTED THIS 11TH DAY OF SEPTEMBER, 2012. APPROVED: vh. , CMivyt ate-. yor J= •'fer Hartman ATTEST: Peggy Cimics, City Secretary r s\ -, { T