CITY COUNCIL AGENDA COMMUNICATION
|AGENDA DATE:||July 24, 2018|
Set August 14, 2018, as the First Public Hearing Date and August 28, 2018, as the Second Public Hearing Date Regarding the Fiscal Year 2018-2019 City Tax Rate.
Eric Cannon, Chief Financial Officer
Chris Landrum, Budget Manager
|ACTION PROPOSED:||Set August 14, 2018, as the First Public Hearing Date and August 28, 2018, as the Second Public Hearing Date Regarding the Fiscal Year 2018-2019 City Tax Rate.|
to the Texas Truth-in-Taxation Statute, the City Council is required to
set and conduct two public hearings if the City's proposed tax rate
exceeds the lower of the rollback rate or the effective tax rate. The
City always conducts public hearings on the tax rate, even in years that
the Truth-in-Taxation limits are not exceeded.
If public hearings are required as
described above, the law requires that the second hearing cannot be held
earlier than the third day after the date of the first hearing. In
addition, the meeting to vote on the tax rate may not be earlier than
the 3rd day or later than the 14th day after the date of the second
Finally, notice of both public hearings must be posted on the City's
website from the date the notice is first published until the second
public hearing is concluded.
It is also important to note that setting the public hearing dates for
the tax rate and the fiscal year budget need to be done as separate
items with the City Council taking action on each of the items
proposed tax rate for the City's General Fund and Debt Service Fund for
the fiscal year 2019 budget is $0.505 per $100 of appraised value,
which is a reduction from the current tax rate of $0.51.
recommends the City Council set Tuesday, August 14, 2018, at 7:00 PM as
the first Public Hearing date on the tax rate and August 28, 2018, at 7:00 PM as the second Public Hearing date. The Public Hearings will be
held in the Council Chambers at Allen City Hall, 305 Century Parkway, Allen, Texas. The final record vote on the tax rate
will be on September 11, 2018.
make a motion to set Tuesday, August 14, 2018, at 7:00 P.M., and
Tuesday August 28, 2018, at 7:00 P.M. at Allen City Hall, 305 Century Parkway, Allen, Texas as the dates, time, and
place for the first and second Public Hearings on the proposed City Tax
Rate of 50.5 cents per $100 of appraised value for the Fiscal Year