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<br />ORDINANCE NO. <br /> <br />07-T-42 <br /> <br />AN ORDINANCE BY THE CITY OF SCHERTZ, TEXAS <br />ADOPTING THE YEAR 2007 TAX RATE. <br /> <br />WHEREAS, public hearings were held on September 4,2007 and September 11,2007 to <br />receive public comment on the proposed tax rate; Now Therefore <br /> <br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SCHERTZ, TEXAS: <br /> <br />Section 1. <br /> <br />THAT, the City Council of the City of Schertz, Texas, does hereby levy or adopt the tax <br />rate on $100.00 valuation for this city for tax year 2007 as follows: <br /> <br />1. 0.259000 for the purpose of maintenance and operation <br />2. 0.150000 for the payment of principal and interest on debt <br />3. 0.409000 total tax rate <br /> <br />Section 2. <br /> <br />THIS TAX RATE WILL RAISE MORE TAXES FOR <br />MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX <br />RATE. <br /> <br />Section 3. <br /> <br />THE TAX RATE WILL RAISE TAXES FOR MAINTENANCE AND <br />OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $6.60. <br /> <br />Section 4. <br /> <br />THAT, all ordinances and parts of ordinances in conflict are hereby repealed. <br />