The Mercedes Enterprise (Mercedes, Tex.), Vol. 95, No. 33, Ed. 1 Wednesday, August 15, 2007 Page: 2 of 12
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Page 2 -The Mercedes Enterprise
Mercedes, Texas 78570 Wednesday, August 15, 2007
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. - - FINANCIAL AID & EMPLOYMENT ASSISTANCE
CALL TODAY! 866-787-4454
You still have time to reserve
space in the annual Tiger Football
Program, sponsored by the MHS
Cheerleaders and Debonnaire Drill
Team, project organizers say.
Deadline is Saturday, August 18
for reserving space and turning in ad
copy.
The organizers point out that this
year’s program will be in full color.
Anyone wanting more information
is invited to call Elda Buenrostro at
514-2100, or Norma Saldana at 684-
6156 or 565-2774.
Attends Lions Camp
IT A HIGH PAYING
ING NOW
WWW.SAGESCHOOLS.COM
“Share Your Home Host Families Needed
26 Change the World
Youth For Understanding is seeking families to host
exchange students for the 2007 school year.
For more information call
Steven Queller
(800) 872-0200 ext 277
www.yfu-usa.org
. \ 2007 Property Tax Rates in City of Mercedes
This notice concerns 2007 property tax rates for City of Mercedes. It
presents information about three tax rates. Last year’s tax rate is the actual
rate the taxing unit used to determine property taxes last year. This year’s
effective ’ tax rate would impose the same total taxes as last year if you
compare properties taxed in both years. This year's rollback tax rate is the
highest tax rate the taxing unit can set before taxpayers can start tax rollback
procedures. In each case these rates are found by dividing the total amount
of taxes by the tax base (the total value of taxable property) with
The rates are given per $100 of
What Is
Truth?
We live in a world where there
is a lot of confusion -- especially
in the world of religion. Some
people have read about various
religions, have talked to people
who come to their doors, and
then asked, “Which religion is
right? Who is right"?
Jesus cut through the confu-.
sion with an absolute statement.
He said, “I am the way and the
truth and the life. No one comes
to the Father except through me
(John 14:6)
Jesus not only spoke with
authority — He proved the real-
ity of His words by the miracles
He performed, and according to
Saint Paul, “was declared with
power to be the Son of God by
the resurrection from the dead”
(Romans 1:4).
This is eternal life: that they
may know you, the only true
God, and Jesus Christ, whom you
have sent (John 17:3)
Thanks to the Lions Clubs of
Texas, many children with physical
disabilities can look forward to an ex-
perience that all children dream about
- going to summer camp.
The Texas Lions Camp in Kerrville
offers special camping programs that
serve children who have physical dis-
abilities and Type I Diabetes:
This summer, Jovita Fleischmann
of Mercedes attended the Lions
Camp, under the sponsorship of Jeff
Walker of the Weslaco Lions Club.
The Texas Lions Camp offers
camping sessions to children ages
seven through 16 who have visual,
hearing or physical disabilities. The
camp offers a wide variety of activi-
tics for campers’ enjoyment, includ-
ing arts & crafts, field sports, riding
horses, swimming, theater and camp-
ing out overnight.
The camp is a non-profit organi-
zation, funded by the Lions of Texas
and private donations. Children at-
tend the camp at no cost to them-
selves or their families.
More information and camper ap-
plications may be obtained by con-
tacting a Lions Lu b member in this
area, or by contacting the camp at P.O.
Box 290247, Kerrville, Texas 78029-
0247.
Camp information can also be
found on the Internet at
www.lionscamp.com.
JOVITA FLEISCHMANN
Fine Artist offers
# Portraits, private sessions
* Murals
* Glasswares
* Calligraphy
Architectu ral Renderings of
* Churches
* Homes and Gardens
* Commercial
adjustments as required by state law.
property value. :
Last year's tax rate:
Last year's operating taxes
Last year’s debt taxes
Last year's total taxes
Last year's tax base
Last year's total tax rate
This year's effective tax rate:
- Last year's adjusted taxes
(after subtracting taxes on lost property)
$1,697,564
$426,527
$2,124,091
$244,148,391
0.8700/S100
$2,118,632
Pastors and Members
invite you to join us at
Mercedes
Christian Church
612 South Texas
565-1509
Sunday Worship Services:
830 a.m. and 10 a.m.
Spanish Services and
Youth Activities: 6 p.m.
Bachelor of Fine Arts -
40 Years of Experience
Excellent References
For information,
call 450-4743
$277,687,499
+ This year’s adjusted tax base
(after subtracting value of new property)
= This year’s effective tax rate
(Maximum rate unless unit publishes notices and holds hearings.)
0.7629 /$100
This year’s rollback tax rate:
Last year’s adjusted operating taxes (after
subtracting taxes on lost property and
adjusting for any transferred function, tax
increment financing, and/or enhanced
indigent health care expenditures)
$1,963,201
NOTICE OF PUBLIC MEETING TO DISCUSS
BUDGET AND PROPOSED TAX RATE
The MERCEDES I S D will hold a public meeting at 6:30 PM, August 28, 2007 in Mercedes ISD, Board Room, Administration Building, 206 Sixth Street, Mercedes,, Texas.
The purpose of this meeting is to discuss the school district’s budget that will determine the tax rate that will be adopted. Public participation in the discussion is
invited.
+ This year’s adjusted tax base
= This year's effective operating rate
x 1.08= this year's maximum operating rate
+ This year's debt rate
= This year’s total rollback rate
- Sales tax adjustment rate
= Rollback tax rate
$277,687,499
0.7070 /S100
0.7635/$100
0.2143 /$100
0.9778 /S100
0.0794 /S100
0.8984 /S100
The tax rate that is ultimately adopted at this meeting or at a separate meeting at a later date may not exceed the proposed rate shown below unless the district publishes a
revised notice containing the same information and comparisons set out below and holds another public meeting to discuss the revised notice.
Maintenance Tax
School Debt Service Tax
Approved by Local Voters
$1.0400/$100 (Proposed rate for maintenance and operations)
$0.2500/$100 (Proposed rate to pay bonded indebtedness)
Comparison of Proposed Budget with Last Year’s Budget
The applicable percentage increase or decrease (or difference) in the amount budgeted in the preceding fiscal year and the amount budgeted for the fiscal year that
4. Statement of Increase/Decrease
If City of Mercedes adopts a 2007 tax rate equal to the effective tax rate of
$0.7629 per $100 of value, taxes would increase compared to 2006 taxes
by $472,323.
begins during the current tax year is indicated for each of the following expenditure categories:
Maintenance and operations
Debt service
Total expenditures
(0.23)% (decrease)
4.47% increase
0.19% increase
Schedule A - Unencumbered Fund Balances
The following estimated balances will be left in the unit’s property tax
accounts at the end of the fiscal year. These balances are not encumbered
by a corresponding debt obligation.
Type of Property Tax Fund
Balance
Total appraised value* of all property
Total appraised value* of new property**
Total taxable value*** of all property
Total taxable value* *♦ of new property**
Total Apprised Value and Total Taxable Value
(as calculated under Section 26.04, Tax Code)
Preceding Tax Year
$293,464,300
$17,813,144
$239,386,057
$8,809,615
Current Tax Year
$392,967,771
$58,665,208
$333,658,141
$56,590,480
Schedule B - 2007 Debt Service
The unit plans to pay the following amounts for long-term debts that are
secured by property taxes. These amounts will be paid from property tax
revenues (or additional sales tax revenues, if applicable).
Principal or
Contract Payment
Description to be Paid from
of Debt Property Taxes
2003 Tax Notes
2001 Comb Tax &
Co’s . -
1999 Comb Tax &
Co's "* 5
1998 Gojnb Tax &
Co’s - 1
1998 Nadbank Go
Refunding C -.
Bonds Certificates
2006 ■
Bonds Series 2006
$50,000
$96,015
$30,000
$80,000
$85,000
$0
$90,000
♦ “Appraised value" is the amount shown on the appraisal roll and defined by Section 1.04(8), Tax Code.
*♦ "New property" is defined by Section 26.012(17), Tax Code.
♦♦* “Taxable value" is defined by Section 1.04(10), Tax Code.______
Interest to be
Paid from
Property
Taxes
$4,725
$53,574
Other
Amounts
to be Paid
$0
$0
Total
Payment
$54,725
$149,589
* Outstanding principal.
SO
$0
$30,000
$49,454
$33,465
$142,500
$14,851
Total Required for 2007 Debt Service
- Amount (if any) paid from funds listed in Schedule A
- Amount (if any) paid from other resources
- Excess collections last year
= Total to be paid from taxes in 2007
+ Amount added in anticipation that the unit will
collect only 1.00.00% of its taxes in 2007
= Total Debt Levy
$0
$0
$0
so
$129,454
$118,465
$142,500
$104,851
$729,584
$0
$0
$0
$729,584
$0
$729,584
'Schedule C - Expected Revenue from Additional Sales Tax
In calculating its effective and rollback tax rates, the unit estimated that it
will receive $270,000 in additional sales and use tax revenues.
This notice-contains a summary of actual effective and rollback tax rates’
calculations. You can inspect a copy of the full calculations at 100 E CANO
EDINBURG TX 78539.
Name ofperson preparing this notice: ARMANDO BARRERA JR. RTA
Title: HIDALGO COUNTY TAX ASSESSOR/COLLECTOR
- Date Prepared: August 4,2007
Bonded Indebtedness
Total amount of outstanding and unpaid bonded indebtedness* $61,329,693
Comparison of Proposed Rates with Last Year’s Rates
Last Year's Rate
Rate to Maintain Same Level of Maintenance
& Operations Revenue & Pay Debt Service
Proposed Rate
Maintenance
& Operations
$1.3700
$1.1300
$1.0400
Interest &
Sinking Fund*
$0.2000 *
$0.1935 *
Total
$1.5700
$1.3235
Local Revenue
Per Student
$750
$839
State Revenue
Per Student
$6,907
$6,800
$0.2500
$1.2900
$851
$6,745
• The interest & Sinking Fund tax revenue is used to pay for bonded indebtedness on construction, equipment, or both.
The bonds, and the tax (are necessary to pay those bonds, were approved by the v9tera of this district. — ........................
Comparison ofProposed Levy with Last Year's Levy on Average Residence
Last Year This Year
Average Market Value of Residences
Average Taxable Value of Residences
Last Year's Rate Versus Proposed Rate per $100 Value
Taxes Due on Average Residence
Increase (Decrease) in Taxes
$41,380
$26,380
$1.5700
$414.17
$46,986
$31,986
$1.2900
$412.62
S(1.55)
Under state law, the dollar amount of school taxes imposed on the residence homestead of a person 65 years of age or older or of the surviving spouse of such a
person, if the surviving spouse was 55 years of age or older when the person died, may not be increased above the amount paid in the first year after the person
turned 65, regardless of changes in tax rate or property value.___________■_________________________________________________________________________________
Notice of Rollback Rate: The highest tax rate the district can adopt before requiring voter approval at an election is $1.2900. This election will be automatically
held if the district adopts a rate in excess of the rollback rate of $1.2900.
Fund Balances
The following estimated balances will remain at die end of the current fiscal year and are not encumbered with or by a corresponding debt obligation, less estimated: funds
necessary for operating the district before receipt of the first state aid payment:
Maintenance and Operations Fund Balance(s)
Interest & Sinking Fund Balance(s)
$7,573,187
$420,714
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The Mercedes Enterprise (Mercedes, Tex.), Vol. 95, No. 33, Ed. 1 Wednesday, August 15, 2007, newspaper, August 15, 2007; (https://texashistory.unt.edu/ark:/67531/metapth1655678/m1/2/: accessed July 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Dr. Hector P. Garcia Memorial Library.