AGENDA CAPTION:
Title
Consider approval of Resolution 2020-112R, directing the Interim Director of Finance of the City of San Marcos to calculate the voter-approval tax rate of the City of San Marcos in the manner provided for a special taxing unit by using an 8% threshold for new revenue instead of 3.5% as authorized by Texas Tax Code Section 26.04(C-1) due to the Governor's State-Wide Declaration of Disaster in response to the COVID-19 Pandemic; and declaring an effective date.
Body
Meeting date: June 2, 2020
Department: Finance
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Fiscal Note:
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Background Information:
SB2 provides disaster relief where City Council may direct the designated officer or employee to calculate the voter-approval tax rate in the manner provided for a special taxing unit (8 percent) if any part of the City is located in an area declared a disaster area during the current tax year by the Governor or by the President of the United States. TEX. TAX CODE ? 26.04(c-1). The designated officer or employee shall continue calculating the voter-approval tax rate using 8 perc...
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