Untitled Texas Attorney General Opinion

. TEE ATTORSEY GEXERAL OF TEXAS April 14, 1987 Mr. F. E. Williams opinion NO. .1X-677 Chambers County Auditor P. 0. Box 910 Re: Calculation of maximum tax Anahuac, Texas 77514 attributable to the road and bridge fund Dear Mr. Williams: Chapter 26 of the Tax Code sets forth the method by which each taxing unit must calculate an "effective tax rate" and the procedures that each taxing unit must follow in adopting a tax rate. The "effec- tive tax rate" is the tax rate that will produce both the revenue necessary to satisfy the taxing unit's debt payment obligations for the year in which the rate…