The Pearland Reporter News is once again the Official Newspaper of Record for the City of Pearland after the City Council approved a resolution renewing its contract at their regularly scheduled meeting September 14, 2020. The newspaper was complimented for good pricing, service, and relationships with city staff in accommodating their requests.
The first reading of an ordinance to adopt a budget for the fiscal year beginning October 1, 2020 and ending September 30, 2021 and pay plans for fiscal year 2021 were presented.
Pursuant to City Charter, the budget will be adopted no later than the last regularly scheduled council meeting in September. The second and final reading of the ordinance will be on September 28, 2020.
The first reading of an ordinance was given to Council to adopt a tax rate of $0.72000 and levying taxes for the use and support of the Municipal Government in Pearland and providing for the interest and sinking fund of the taxable year 2020.
Tax Code Section 26.05 requires a taxing unit to adopt its tax rate before September 30 or by the 60th day after the taxing unit receives the certified appraisal roll, whichever day is later.
The tax rate as proposed for the City of Pearland for tax year 2020, for fiscal year 2021, is $0.72 per $100 valuation, which is below the No New Taxes rates.
As the $0.72 rate is a tax cut, the City of Pearland did not hold public hearings on the tax rate pursuant to truth-in-taxation requirements.
The tax rate, with property valuations, provides the property tax revenues needed for the payment of debt service obligation and for operating costs for departments such as public safety, parks, public works and general government activities.
A second and final reading of an ordinance authorizing the issuance of permanent improvement refunding bonds in one or more series was presented.
The Pearland Reporter News is once again the Official Newspaper of Record for the City of Pearland after the City Council approved a resolution renewing its contract at their regularly scheduled meeting September 14, 2020. The newspaper was complimented for good pricing, service, and relationships with city staff in accommodating their requests.
The first reading of an ordinance to adopt a budget for the fiscal year beginning October 1, 2020 and ending September 30, 2021 and pay plans for fiscal year 2021 were presented.
Pursuant to City Charter, the budget will be adopted no later than the last regularly scheduled council meeting in September. The second and final reading of the ordinance will be on September 28, 2020.
The first reading of an ordinance was given to Council to adopt a tax rate of $0.72000 and levying taxes for the use and support of the Municipal Government in Pearland and providing for the interest and sinking fund of the taxable year 2020.
Tax Code Section 26.05 requires a taxing unit to adopt its tax rate before September 30 or by the 60th day after the taxing unit receives the certified appraisal roll, whichever day is later.
The tax rate as proposed for the City of Pearland for tax year 2020, for fiscal year 2021, is $0.72 per $100 valuation, which is below the No New Taxes rates.
As the $0.72 rate is a tax cut, the City of Pearland did not hold public hearings on the tax rate pursuant to truth-in-taxation requirements.
The tax rate, with property valuations, provides the property tax revenues needed for the payment of debt service obligation and for operating costs for departments such as public safety, parks, public works and general government activities.
A second and final reading of an ordinance authorizing the issuance of permanent improvement refunding bonds in one or more series was presented.
