The signed bill would leave Houston's charter without a yearly dollar cap on property-tax revenue and allow borrowing against future revenue if a council majority finds a need.
Houston's charter would set no yearly dollar cap on property-tax revenue. A council majority would need to approve any tax-rate change after two public hearings.
If a council majority finds a need, Houston could borrow up to $500,000 against future revenue in one year. Unpaid borrowing under this provision could not exceed $500,000 at once.
Houston's mayor and council members would need to be at least 21, be U.S. citizens, and have lived in town for a year. Overdue town debts, felony convictions, and certain recent resignations would also bar them.
Houston would hold its annual town election on February's last Saturday, from 3 to 7 p.m. Co-owners would split one property vote by ownership share in annexation and borrowing elections.
Houston's council could set penalties for breaking town rules of up to $2,500, 60 days in jail, or both. A town alderman would generally be limited to a $500 fine.
Houston's charter would set no yearly dollar cap on property-tax revenue. This covers taxes on real estate and improvements in Houston for town purposes. Any tax-rate change would require two public hearings, notice posted at least 14 days ahead, and approval by a majority of the Town Council.
Houston's Town Council could borrow against future town revenue. This applies to Houston's borrowing against future revenue. A council majority must find that Houston needs the money, and the council must approve the borrowing by resolution. Borrowing under this provision could not exceed $500,000 in one year or leave more than $500,000 unpaid at once. Houston must repay each amount with interest by the end of the twentieth fiscal year after the first fiscal year in which it borrowed the money.
Houston's mayor and council members would have to meet the charter's eligibility rules. These rules cover candidates for Houston mayor and town council, and people holding those offices. They must be at least 21, be U.S. citizens, and owe no overdue town taxes, utility bills, or other town debts. They cannot have a felony conviction or have been legally found mentally unable to manage their affairs. A resignation in the previous two years bars them unless it was for their health, a close family member's health, work, or moving out of town. They must have lived in Houston for at least one year before the annual town election and must keep meeting the qualifications while in office.
Houston would hold its annual election in February and divide certain property-owner votes by ownership share. The date applies to Houston's annual town election. The shared-property rule applies to property-owner votes on annexation and town borrowing. Co-owners would share no more than one vote per property, based on each owner's share. In annexation elections, owners of tax-exempt or unassessed property cannot vote as property owners.
Houston's Town Council could set penalties for breaking town ordinances. These penalties apply to people who break Houston town ordinances. The council could authorize a fine of up to $2,500, up to 60 days in jail, or both. A town alderman could impose no more than a $500 fine unless another charter provision allows otherwise.
No hearings or votes scheduled.