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Item 6COrdinance 916 Tax Levy September 4, 2007 City of Southlake Integrity ♦ Innovation ♦ Accountability ♦ Commitment to Excellence ♦ Teamwork Ordinance Integrity ♦ Innovation ♦ Accountability ♦ Commitment to Excellence ♦ Teamwork Formally sets tax rate at $.462 per $100 No tax rate increase . .31958 for general operations of the city .14242 for debt services requirements Rate exceeds effective tax rate and increases tax revenue “I move that property taxes be increased by the adoption of a tax rate of .462.” Questions? Integrity ♦ Innovation ♦ Accountability ♦ Commitment to Excellence ♦ Teamwork