HomeMy WebLinkAboutResolution No. 79-16 RESOLUTION 79-16
WHEREAS, the City Council of the City of The Colony has passed
by ordinance a Municipal Budget for the fiscal year October 1,
1979 through September 30, 1980,
WHEREAS, this budget provides an increase in services to the
citizens of The Colony,
WHEREAS, this budget provides funds for debt service on bonds
approved by the citizens of The Colony on April 7, 1979,
WHEREAS, this budget contains a reserve for contingencies
which shall be used prudently if necessary.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
THE COLONY
Said budget will require a nineteen cents (19¢) tax rate which
represents a eleven per cent (~-1~/o) tax increase to the citizens
of The Colony as established by the Tax Assessor/Collector in
accordance with House Bill 18. A Public Hearing will be held
on September 28, 1979 to give citizens an opportunity to
express their opinions for or against this increase.
PASSED AND APPROVED BY the City Council of the City of The
Colony on the /~/ day of September, 1979.
Mayor
ATTEST
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