Texas Tax Code 26.0444 – Tax Rate Adjustment for Defunding Municipality
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(a) In this section:
(1) “Defunding municipality” means a municipality that is considered to be a defunding municipality for the current tax year under Chapter 109, Local Government Code.
(2) “Municipal public safety expenditure adjustment” means an amount equal to the positive difference, if any, between:
(A) the amount of money appropriated for public safety in the budget adopted by the municipality for the preceding fiscal year; and
(B) the amount of money spent by the municipality for public safety during the period for which the budget described by Paragraph (A) is in effect.
(b) The no-new-revenue maintenance and operations rate for a defunding municipality is decreased by the rate computed according to the following formula:
Terms Used In Texas Tax Code 26.0444
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Property: means real and personal property. See Texas Government Code 311.005
- Tax year: means the calendar year. See Texas Tax Code 1.04
- Year: means 12 consecutive months. See Texas Government Code 311.005
Municipal Public Safety Expenditure Adjustment / (Current Total Value – New Property Value)
(c) A defunding municipality shall provide a notice of the decrease in the no-new-revenue maintenance and operations rate provided by this section in the information published under § 26.04(e) and, as applicable, in the notice prescribed by § 26.06 or 26.061.
(d) For purposes of Subsection (a)(2), the amount of money appropriated for public safety and the amount of money spent by the municipality for public safety does not include:
(1) any grant money received by the municipality during any fiscal year; or
(2) any sales and use tax revenue received by the municipality for the purpose of financing a crime control and prevention district under Chapter 363, Local Government Code, during any fiscal year.