Sep 26 2019 Item 20 Buys Aye

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September 26th, 201920Discussion of and action on an Ordinance of the City Council of the City of Helotes, Texas levying an ad valorem (property) tax rate for the Tax Year 2019 in the amount of $0.350000 cents per $100 valuation and directing the Bexar County Tax Assessor-Collector to assess, account for, and distribute the ad valorem (property) taxes as herein levied; authorizing the City Administrator to take all necessary steps to implement the provisions of this Ordinance; incorporating recitals; providing for severability; repealing any other Code provisions, ordinances, or parts of ordinances, and other provisions in conflict herewith; and setting an effective date: a. Adopt the ad valorem (property) tax rate for the Maintenance and Operations expenditures of the City of Helotes at $0.261595 cents per $100 valuation for the Tax Year beginning January 1, 2019 and ending December 31, 2019; and
b. Adopt the ad valorem (property) tax rate for the principal and interest payable on the Interest and Sinking (debt service) expenditures of the City of Helotes at
$0.088405 cents per $100 valuation for the Tax Year beginning January 1, 2019 and ending December 31, 2019. (Staff)
Motion to approveAye