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File #: Ord. 2020-72(b)    Version: 1 Name:
Type: Ordinance Status: Individual Consideration
File created: 9/1/2020 In control: City Council
On agenda: 9/15/2020 Final action:
Title: Receive a Staff presentation and hold a public hearing to receive comments for or against Ordinance 2020-72, setting the tax rate for the 2020 Tax Year at 59.30 cents on each $100 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, 2020, and ending September 30, 2021; providing a sinking fund for the retirement of the bonded debt of the city; including procedural provisions; and providing an effective date; and consider approval of Ordinance 2020-72, on the second of two readings.
Attachments: 1. 2020 Tax Rate Ordinance.pdf, 2. Revised Truth in Taxation signed copy.2020.pdf, 3. Proposed Tax Rate Sept 15 2020.pdf
AGENDA CAPTION:Title
Receive a Staff presentation and hold a public hearing to receive comments for or against Ordinance 2020-72, setting the tax rate for the 2020 Tax Year at 59.30 cents on each $100 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, 2020, and ending September 30, 2021; providing a sinking fund for the retirement of the bonded debt of the city; including procedural provisions; and providing an effective date; and consider approval of Ordinance 2020-72, on the second of two readings.
Body
Meeting date: September 15, 2020

Department: Melissa Neel, Assistant Director of Finance

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Fiscal Note:
Prior Council Action: City Council adopted the budget policy on March 17 and has held budget workshops on May 26, June 30, and August 13.

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Background Information:
City Council held workshops on May 26, June 30 and August 13 to discuss the fiscal year 2021 budget and tax rate. State law requires that the City hold a public hearing before the adoption of the tax rate when the proposed tax...

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