City Council Regular Meeting - Includes Action Taken


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    L.3       
Meeting Date: 07/17/2017  
Recommended by: Celina Morris Prepared by: Jeffrey Graves, Budget Analyst
Finance Director Review: Celina Morris  
City Attorney Review: Brett Wallace  
Approved by: Larry Rains Date Submitted: 06/22/2017
Type of Action Requested: Public Hearing

SUBJECT:
Public Hearing regarding the Fiscal Year 2017-2018 Final Budget and Property Tax Levy including "Truth in Taxation" for the Fiscal Year Ending June 30, 2018. 
RECOMMENDATION:
Hold a public hearing on the FY 2017-2018 Final Budget and Property Tax Levy including "Truth in Taxation".  
DISCUSSION:
On June 19th the Mayor and Council adopted the tentative budget. As required by statute, that budget was published twice in the local paper and a public hearing is to be held tonight. 
 
The final budget represents all information that has been presented to the council to date. Following tonight's public hearing on this budget and the proposed primary and secondary tax levies including "Truth in Taxation", Council will be asked to approve this budget as final budget in a special meeting scheduled immediately after the regular council meeting.
 
Although the budget will be adopted at the Special Meeting, the property tax levy is only set for a public hearing tonight. The Council will be asked to adopt the first-read of the Property Tax Levy on August 7th.             
FISCAL IMPACT:
Adoption of the Budget establishes the spending plan for the following fiscal year. No expenditure of funds may take place that is not in conformance with the adopted budget.
ALTERNATIVES:
N/A
  

    

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