AGENDA CAPTION:
Title
Consider ratification, by motion, of the tax rate reflected in the proposed budget of 53.02 cents per $100 valuation, which will raise more revenue from property taxes than in the previous fiscal year.
Body
Meeting date: September 20, 2016
Department: Finance Department, Heather Hurlbert, Finance Director
Funds Required: N/A
Account Number: N/A
Funds Available: N/A
Account Name: N/A
CITY COUNCIL GOAL: Goal #7 Maintain Fiscal Responsibility
COMPREHENSIVE PLAN ELEMENT(s): N/A
BACKGROUND:
Per the Texas Local Government Code, one of the required steps in the budget approval process is a vote to ratify the tax rate reflected in the proposed budget if it exceeds the effective tax rate.