Board of Directors Budget Workshop


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Meeting Date: 08/13/2019  

SUBJECT MATTER:
Receive, consider and act upon revision to Budget calendar;
FISCAL IMPACT:
Not applicable
BACKGROUND:

NOTE:  This agenda item will need to be acted upon ONLY if the Board of Directors adopts a tax rate that is at or below the effective tax rate of $0.2240.

The Board of Directors previously approved a special Board meeting for Thursday, September 12, 2019 at 6:00 p.m. to adopt the 2019 property tax rate and 2020 Budget.  This date was chosen to allow sufficient time to hold two public hearings on the proposed tax rate, if required.

Public hearings are not required if the proposed tax rate approved by the Board during the budget workshop meetings is at or below the effective tax rate of $0.2240.  Therefore, the Board may choose to adopt the 2019 property tax rate and 2020 Budget at the regular Board meeting scheduled for August 28, 2019 rather than the special Board meeting on September 12, 2019.

This agenda item is included on the agenda for the August 13, August 14, August 15 and August 16 budget workshop meetings to provide the Board flexibility during the budget process to make revisions to the budget calendar.
RECOMMENDATION:
Revise the budget calendar to adopt the 2019 property tax rate and 2020 Budget at the regular Board meeting scheduled for Wednesday, August 28, 2019 at 6:00 p.m. at the office of The Woodlands Township.

    

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