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  Agenda Item 8.       
Meeting Date: 08/17/2021  
Item Title:    Public Hearing on Proposed FY 2021/2022 Tax Rate
Submitted By: Corey Worsham

Summary of Request/Problem
The Texas Property Tax Code, Section 26.05 (d), provides that a governing body may not adopt a tax rate that exceeds the lower of the voter approval rate or the no new revenue tax rate until the governing body has held a public hearing on the proposed tax rate and has otherwise complied with Section 26.06 and Section 26.065. The 2021-2022 proposed budget is based on a tax rate of $0.756965 cents per every $100 of valuation, which exceeds the no new revenue tax rate of $0.720713 cents per $100 of value.
 
Proposed Tax Rate
 
  2020-2021 2021-2022  
  Current Proposed Change
O&M 39.40 38.1365 -3.3 %
Debt Service 37.56 37.56      0%
Total Tax Rate 76.96 75.6965 -1.6%
       
Recommendation/Action Requested and Justification
An opportunity for public comment regarding the proposed 2021-2022 tax rate will be provided at the August 17, 2021 Regular Meeting. Additional opportunities for public comment will be provided at the August 26, 2021 Special Meeting and the September 14, 2021 Regular Meeting. The FY 2021-22 Budget and Tax Rate are scheduled for adoption on September 14, 2021. 
Attachments
2021-22 Tax Notice


    

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