Board of Directors Regular Meeting Agenda


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Meeting Date: 08/21/2014  

SUBJECT MATTER:
Receive, consider and act upon a 2014 - 2015 Debt Service Collection Rate Report as certified by the Montgomery County Tax Assessor and Collector;
FISCAL IMPACT:
Not applicable
BACKGROUND:
The Township Board of Directors will separately adopt the debt service component of its 2014 property tax rate at its August 21, 2014 Board meeting. As mandated by the Truth-in-Taxation law, the County Tax Assessor-Collector must certify to the taxing entity what the anticipated collection rate will be for those taxes collected during the period July 1, 2014 through June 30, 2015. The tax assessor-collector has certified an estimated debt service collection rate of 100% for the Township. Attached for the Board’s review is the 2014 – 2015 Anticipated Debt Service Collection Rate report prepared by J.R. Moore, Jr.
RECOMMENDATION:
Accept the 2014 – 2015 Anticipated Debt Service Collection Rate report as certified by the Montgomery County Tax Assessor-Collector.
Attachments
Debt Service Collection Rate Report


    

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