Board of Directors Budget Workshop


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Meeting Date: 08/16/2018  

SUBJECT MATTER:
Receive, consider and act upon revision to Budget calendar;
FISCAL IMPACT:
Not applicable
BACKGROUND:
The Board of Directors previously approved a special Board meeting for Wednesday, September 12, 2018 at 6:00 p.m. to adopt the 2018 property tax rate and 2019 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 $0.2273.  Therefore, the Board may choose to adopt the 2018 property tax rate and 2019 Budget at the regular Board meeting scheduled for August 22, 2018 rather than the special Board meeting on September 12, 2018.
RECOMMENDATION:
Revise the Budget calendar to adopt the 2018 property tax rate and 2019 Budget at the regular Board meeting scheduled for Wednesday, August 22, 2018 at 6:00 p.m. at the office of The Woodlands Township.

    

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