AGENDA CAPTION:
Title
Receive a staff presentation and hold a Public Hearing to receive comments for or against Ordinance 2025-37, setting the tax rate for the 2025 tax year at 67.69 cents on each $100.00 of taxable value of real property that is not exempt from taxation; levying taxes for the use and support of the municipal government of the city for the fiscal year beginning October 1, 2025 and ending September 30, 2026; providing a sinking fund for the retirement of the bonded debt of the city; including procedural provisions; and declaring an effective date; and consider approval of Ordinance 2025-37, on the second of two readings.
Body
Meeting date: September 16, 2025
Department: Finance
Amount & Source of Funding
Funds Required: N/A
Account Number: N/A
Funds Available: N/A
Account Name: N/A
Fiscal Note:
Prior Council Action: On March 18,2025, City Council passed Resolution 2025-53R, approving the FY 2026 Budget Policy Statement. The Budget Policy Statement provided guidance for the property tax rate to be kept between the current rate and voter-approval rate. On August 19, 2025, City Council passed Resolution 2025-150R, setting the maximum proposed tax rate at 67.69 cents. City Council approved the first reading and held a public hearing on setting the tax rate September 2, 2025.
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