HOME RULE CHARTER City of SANTA FE, TEXAS

§ 10.02. POWER TO TAX:

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The City shall have the power to levy, assess and collect taxes of every character, and for any municipal purpose not prohibited by the Constitution and laws of the State of Texas as now or hereafter amended. The City shall have the power to levy taxes at a maximum increase of 7.50 percent (7 1/2%) above the effective tax rate and not to exceed the maximum rate of ninety cents (90¢) per one hundred dollars ($100) valuation. A tax levy in excess of this maximum rate must be approved by a majority of the votes cast by the electors of the City of Santa Fe. The tax rate will apply to the general fund, however, no tax limit will be set against any tax levied for the retirement of bonded indebtedness which has been authorized by the vote of the people.

(Charter amendment, May 9, 2009)

                    
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