City Council Special Meeting

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E.3.

Meeting Date:	08/17/2020
Submitted By:	Leslie Cloer, City Manager


SUMMARY:
Discuss No-New-Revenue Tax Rate and Voter-Approval Tax Rate for Fiscal Year 2020-2021, adopt the proposed tax rate for Fiscal Year 2020-2021, and schedule a public hearing, and authorize public notices. It is no longer required to hold two public hearings prior to adopting the tax rate. Under S.B. 2, a city that adopts a rate exceeding the lower of the no-new-revenue tax rate or the voter-approval tax rate must only hold one public hearing.
RECOMMENDED ACTION:
Staff recommends that City Council adopt the proposed tax rate for Fiscal Year 2020-2021, and schedule the first public hearing for Monday, September 14, 2020, at 5:30 p.m.
CITY MANAGER APPROVAL:
City Manager recommends that City Council adopt the proposed tax rate for Fiscal Year 2020-2021, and schedule the first public hearing for Monday, September 14, 2020, at 5:30 p.m.