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09-27-19-Ordinance-Ratifying the Property Tax Increase for Fiscal Year 2019-2020-09/16/2019ORDINANCE #09-27-19 AN ORDINANCE OF THE CITY OF SANGER, DENTON COUNTY, TEXAS, RATIFYING THE PROPERTY TAX INCREASE REFLECTED IN THE FISCAL YEAR 2019-2020 BUDGET AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, Section 102.007 of the Texas Local Government Code provides in part that the adoption of a budget that will require raising more revenue from property taxes than in the previous year requires a separate vote of the governing body to ratify the property tax increase reflected in the budget; and WHEREAS, Section 102.007 of the Texas Local Government Code requires that this ratification be in addition to and separate from the vote to adopt the budget or a vote to set the tax rate required by Chapter 26, Tex. Tax Code, or other law; and WHEREAS, the Fiscal Year 2019-2020 Budget, as adopted, requires raising more revenue from property taxes than in the previous year, and the City Council desires by adoption of this Ordinance to ratify the property tax increase reflected in the City's Fiscal Year 2019-2020 Annual Budget. NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SANGER, TEXAS: SECTION 1: That the City Council, as the governing body of the City of Sanger, Texas, having adopted the Fiscal Year 2019-2020 annual Budget that will require raising more revenue from property taxes than in the previous year, hereby ratifies the property tax increase reflected in the Fiscal Year 2019-2020 Annual Budget. SECTION 2: This ordinance is effective upon its adoption. PASSED, APPROVED AND ADOPTED by the City Council of the City of Sanger, Texas on this 16th day of September 2019. ATTEST. Cheryl ri ity Secretary eer' OF T XAs.,,o Mayor