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RES 2015-07TOWN OF TROPHY CLUB RESOLUTION NO. 2015-07 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS, EXPRESSING OPPOSITION TO STATE LEGISLATION ENACTING A CAP ON PROPERTY TAX REVENUES COLLECTED BY LOCAL GOVERNMENTS DUE TO THE NEGATIVE IMPACT THAT WOULD RESULT FROM THE LOSS OF LOCAL CONTROL OVER MANAGEMENT OF FISCAL MATTERS AND THE LOSS OF LOCAL GOVERNMENT AUTHORITY TO ADDRESS THE NEEDS OF ITS RESIDENTS; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, bills have been introduced to cap the amount of property tax revenue cities can collect each year in a misguided effort to reduce the property tax burden on homeowners and businesses; and WHEREAS, currently, if a Texas city increases property tax collections by more than eight percent over the previous year, voters can petition for an election to rollback the increase; and WHEREAS, the existing eight percent "rollback rate" represents an effective functioning model of limiting unchecked spending at the local level without impeding a municipality's fundamental need to collect revenue to fund vital services; and WHEREAS, bills have been introduced to replace that eight percent "rollback rate" with a hard cap of four percent and require mandatory elections on an increase over four percent — all with the false claim that this would provide property tax relief; and WHEREAS, according to the state comptroller's latest survey of property tax rates in 1,002 cities in Texas, 67 percent of cities raised their property taxes by less than four percent from 2012 to 2013 and 37 percent of cities actually reduced their property taxes; and WHEREAS, that means property owners in at least 669 Texas cities would have seen no reduction in their city property taxes if the four percent cap had been in effect; and WHEREAS, while the savings to individual taxpayers in Trophy Club for FY 2014-15 would only represent $1.43 per month, it would cost the Town of Trophy Club $56 thousand for the past fiscal year and if a four percent cap were in place it would result in a reduction in Town's ability to provide exemplary services to its citizens; and WHEREAS, if this calculation were computed for the previous ten years, the cumulative impact would have been a loss of $198 thousand to the Town of Trophy Club; and RES 2015-07 WHEREAS, this legislation will force local governments to defer critical maintenance expenses for infrastructure assets such as facilities and streets, which will result in a more rapid decline of city infrastructure and ultimately cause increase cost of replacement; and WHEREAS, property taxes will not be reduced through revenue caps; instead, costs, and the property taxes that pay for them, will be shifted to support additional debt that will have to be issued to rebuild this infrastructure. Shifting taxes to pay debt is not a tax cut and will cost taxpayers more in the future since communities will now be required to pay the interest on these costs, as well; and WHEREAS, revenue caps will impair the use of local economic incentives driving away the job growth and businesses that have helped to make Texas the economic development leader in the nation; and WHEREAS, cities collect just 16 percent of the property taxes levied in Texas, and most of the property taxes paid by Texans (55 percent) go to school districts; and WHEREAS, according to the comptroller's report, the total amount of property taxes collected by cities rose by 3.61 percent between 2012 and 2013, while school district tax collections rose by more than twice that rate or 7.72 percent; and WHEREAS, local governments are the closest to the people they represent and the state usurping that authority decreases taxpayers input on how their money is spent in their community; and WHEREAS, local governments are elected by the people to govern and exercise local control, and home rule municipalities are authorized by the Texas Constitution to regulate fiscal matters; and WHEREAS, local government officials are held accountable by their constituents through the election process, and the authority of the local government should not be eroded by State regulations that disregard the individual fiscal needs of the local community. NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS: 1. That all of the above recitals are true and correct; 2. That the Town Council of the Town of Trophy Club, Texas, is OPPOSED to the legislative imposition of a revenue cap and legislative interference with local services and local government control; and 3. That imposing a revenue cap on cities: (a) does not provide meaningful tax relief; (b) robs municipalities of the ability to meet local needs; (c) supersedes the level of RES 2015-07 government that is closest to the people; and (d) usurps local authority granted by the Texas Constitution and state law. PASSED AND APPROVED by the Town Council of the this 10th day of March 2015. �... C. Nick Sanders, Mayor Gre am; / 1 Tim Kurtz, Counci ember ATTEST: O e YAPS Holly Fim s, Town Secretary Town of Trophy Club, Texas Town of Trophy Club, Texas on nt, Mayor Pro Tem Council Member hilip Sh , Council Member �G�APPROVED AS TO FORM: RES 2015-07 Patricia A. Adams, Tcwn Attorney Town of Trophy Club, Texas