City Council Combined AGENDA


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  32.       
Meeting Date: 08/15/2019  
Prepared By: Robert Powers, Finance Director

AGENDA SUBJECT:
Discuss and consider action on the proposed schedule for adoption of a property tax rate and annual budget for fiscal year 2020.
BACKGROUND:
According to recent correspondence from the Chief Appraiser at Travis CAD, it appears that they will not have the Travis tax roll certified until Tuesday August 20.  The normal due date is July 25.  In addition, we are likely to be over the Effective Tax Rate even though we are proposing a one cent reduction in the overall tax rate.  If we're over the ETR, then  we have to have two(2) public hearings before adoption of the tax rate.     
 
With that in mind, here's a potential adoption schedule.
 
Aug 22 - Special Called Meeting (before or after the called work session on Cap Metro).  Receive ETR calculations and Vote to Consider a Proposed Tax Rate and Schedule 2 public hearings.
 
Aug 29 - Publish Notice of public hearings in Hill Country News.
 
Sep 5 - Regular City Council Meeting - First Public Hearing on Tax Rate
 
Sep 9-12 - Special Called Meeting - Second Public Hearing
 
Sep 19 - Regular City Council Meeting - First Vote on Tax Rate.  Adopt Budget.
 
Sep 23-25 - Special Called Meeting - Second and Final Vote on Tax Rate.
 
RECOMMENDATION:
Discuss and set meeting schedule.

    

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