HomeMy WebLinkAboutItem 01 - Public HearingMEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGE
MEETING DATE: SEPTEMBER 8, 2017
SUBJECT: SECOND PUBLIC HEARING ON AD VALOREM TAX RATE
RECOMMENDATION:
That the City Council conduct a public hearing on the proposed ad valorem tax rate of
$0.289271 per $100 valuation for Tax Year 2017 and Fiscal Year (FY 2018) apportioned
as follows:
For the General Fund, a tax rate of $0.134740 per $100 value;
For Debt Service, a tax rate of $0.154531 per $100 value.
Pursuant to the Texas Tax Code, Section 26.05(d), a municipal government must hold two
public hearings when considering the adoption of a tax rate other than the effective tax
rate.
The first public hearing was held on September 5, 2017. The City Council will consider an
ordinance adopting the tax rate at a Special City Council meeting on September 13, 2017
at 11:45 am.