HomeMy WebLinkAboutResolution No. 2019-025 Establishing the 2020 Regular Property Tax Levy and Banking Unused Levy Capacity RESOLUTION NO. 2019-025
A RESOLUTION OF THE CITY OF ARLINGTON
ESTABLISHING THE 2020 REGULAR PROPERTY TAX LEVY AND BANKING UNUSED LEVY CAPACITY
WHEREAS, the City Council of the City of Arlington has met and considered its biennial budget
for the years 2019-2020; and
WHEREAS, the City's Regular Property Tax actual levy amount from the previous year (2019)
was $4,242,206.31; and
WHEREAS, the population of the City of Arlington is more than 10,000, and
WHEREAS,the city council has determined there will be sufficient revenues in 2020 and
desires to forgo the 1% increase in property tax and bank the capacity for use in future years, and
now therefore,
BE IT RESOLVED by the City Council of the City of Arlington, as follows:
1. That there will be no increase in the regular property tax levy for the levy to be collected
in the 2020 tax year. The dollar amount of the increase over the actual levy amount from
the previous year shall be $0 which is a percentage increase of 0%from the previous
year. This increase is exclusive of additional revenue resulting from new construction,
improvements to property, newly constructed wind turbines, any increase in the value of
state assessed property, any annexations that have occurred and refunds made.
2. That any unused levy capacity shall be banked as authorized by law.
PASSED and APPROVED by the Mayor and City Council of the City of Arlington, at a regular
meeting held on the 18th day of November, 2019.
4 L-4
Barbara Tolbert, Mayor
ATTEST:
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Wendy Van Der Meersche, City Clerk
APPROVED AS TO FORM:
Ste e P ' , CitVAttorney