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AI-5772 New Business     E.       
City Council Meeting City Manager  
Meeting Date: 06/11/2018  
2019 Tax Budget
Submitted By: Jim Bell
Department: Finance Division: Accounting
Council Committee Review?:    None
Date(s) of Committee Review:    06/05/2018  
Audio-Visual Needs:    None
Emergency Legislation?:    No
Motion/Ordinance/
Resolution No.:   
Passed to 2nd Reading

Agenda Item Description or Legislation Title
A Resolution Adopting A Preliminary Tax Budget For Revenues Of The City Of Huber Heights, Ohio For The Period Beginning January 1, 2019 And Ending December 31, 2019.
(first reading)
Purpose and Background
This legislation is a formality to adopt the 2019 Tax Budget.  The resolution is to adopt the tax budget for fiscal year 2019 and this adoption is the beginning of the budget process.  The Miami County Auditor is requesting that the City submit the tax budget as a proof of the need for Miami County's distribution of property taxes and Local Government Fund revenue to the City.  A public hearing on the 2019 Tax Budget is scheduled for the June 11, 2018 City Council Meeting.  The 2019 Tax Budget is required to be submitted to the Miami County Auditor by July 20, 2018.  City Staff respectfully request a first reading and adoption of the legislation at the June 11, 2018 City Council Meeting as non-emergency legislation.

Fiscal Impact
Source of Funds: Various Funds
Cost: N/A
Recurring Cost? (Yes/No): N/A
Funds Available in Current Budget? (Yes/No): N/A
Financial Implications:
There are no financial implications at this time.  This preliminary 2019 Tax Budget only provides revenue estimates.  This will not be the final 2019 appropriations budget which will be presented to City Council later this year.
Attachments
Resolution
Exhibit A

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