AGENDA CAPTION:
Title
Receive a staff presentation and hold a Public Hearing to receive comments for or against Ordinance 2024-41, setting the tax rate for the 2024 tax year at 60.30 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, 2024, and ending September 30, 2025; 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 2024-41, on the second of two readings.
Body
Meeting date: September 17, 2024
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 19,2024, City Council passed Resolution 2024-43R, approving the FY 2025 Budget Policy Statement. The Budget Policy Statement provided guidance for the property tax rate to be kept the same as the Fiscal Year 2024 adopted tax rate. On August 20, 2024, City Council passed Resolution 2024-161R, setting the maximum proposed tax rate at 60.30 cents. On September 3, 2024, City Council approved the first reading and held the first of two public hearings on the tax rate.
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