84-28 O - Current Tax Rate ORDINANCE NO. j.L/02/
AN ORDINANCE ESTABLISHING A TAX RATE FOR THE CURRENT TAX YEAR;
PROVIDING FOR NOTICE OF SUCH RATE; AND PROVIDING AN EFFECTIVE
DATE.
WHEREAS, the governing body of each taxing unit is required to
establish a tax rate for the current tax year as soon as
practicable after the 1st day of September; and
WHEREAS, such rate must be adopted by ordinance; and,
WHEREAS, no public hearing is: required if the rate to be adopted
does not exceed the rate calculated under the provisions of Sec.
26.04, Vernon's Ann. Tax Code by more than three percent ( 3% ) ;
and,
WHEREAS, the tax rate hereinafter adopted does not exceed the
rate calculated under the provisions of Sec. 26.04, Vernon's Ann.
Tax Code by more than three percent ( 3% ) ;
NOW, THEREFORE, IT IS HEREBY ORDAINED BY THE CITY COUNCIL OF THE
CITY OF PROSPER, TEXAS;
SECTION ONE. The City Council of the City of Prosper, Texas ,
hereby adopts and establishes as the tax rate for the tax year
commencing in 1984 the rate of $0.290 per $100.00 of valuation.
SECTION TWO. The City Secretary is hereby directed to notify the
appropriate tax assessor of the rate hereby adopted.
SECTION THREE. This ordinance shall be effective immediately
upon its adoption and the publication of the title hereof one
time in a newspaper of general circulation within the City of
Prosper, Texas .
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF PROSPER,
TEXAS, THE // DAY OF SEPTEMBER, 1984 .
/ MAYOR
rTh
C TY SECRETARY