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A BILL TO BE ENTITLED
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AN ACT
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relating to the requirements of a municipal budget that raises more |
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property taxes than in the previous year's budget. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 102.007, Local Government Code, is |
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amended by adding Subsection (d) to read as follows: |
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(d) An adopted budget that will require raising more revenue |
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from property taxes than in the previous year must contain a cover |
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page that includes: |
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(1) the following statement in 18-point or larger |
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type: "This budget will raise more total property taxes than last |
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year's budget by (insert total dollar amount of increase and |
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percentage increase), and of that amount (insert amount computed by |
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multiplying the proposed tax rate by the value of new property added |
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to the roll) is tax revenue to be raised from new property added to |
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the tax roll this year."; |
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(2) the record vote of each member of the governing |
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body of the municipality regarding: |
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(A) the adoption of the budget; |
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(B) the ratification of the property tax increase |
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under Subsection (c); and |
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(C) the setting of the property tax rate for the |
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current fiscal year; and |
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(3) the municipal property tax rates for the preceding |
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and current fiscal years, including: |
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(A) the adopted property tax rate; |
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(B) the effective tax rate; |
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(C) the effective maintenance and operations tax |
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rate; and |
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(D) the rollback tax rate. |
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SECTION 2. Section 102.008, Local Government Code, is |
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amended to read as follows: |
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Sec. 102.008. APPROVED BUDGET FILED WITH MUNICIPAL |
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CLERK: POSTING ON INTERNET. On final approval of the budget by the |
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governing body of the municipality, the governing body shall: |
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(1) file the budget with the municipal clerk; and |
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(2) if the municipality maintains an Internet website, |
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take action to ensure that: |
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(A) a copy of the budget is posted on the website; |
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and |
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(B) the record votes described by Section |
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102.007(d)(2) are posted on the website at least until the first |
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anniversary of the date the budget is adopted. |
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SECTION 3. This Act applies only to a budget adopted on or |
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after the effective date of this Act. A budget adopted before the |
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effective date of this Act is governed by the law in effect when the |
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budget was adopted, and that law is continued in effect for that |
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purpose. |
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SECTION 4. This Act takes effect September 1, 2011. |