City council august 20, 2013 agenda item 12 budget ord intro

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City council august 20, 2013 agenda item 12 budget ord intro

  1. 1. City Council August 20, 2013
  2. 2. 2013-14 Budget
  3. 3. 2013-14 Budget
  4. 4. • Today we’re going to a) Have a public hearing on the tax levy b) Introduce and hold a public hearing on the budget ordinance c) Hold a record vote ratifying the property tax revenue increase
  5. 5. 2013-14 Budget a) First public hearing of a proposed property tax levy for the City of San Angelo for the 2013 tax year • On August 6, 2013 Council took a record vote to propose a property tax rate • The adopted rate may not exceed 0.781/$100 valuation • The property tax levy ordinance will be introduced at the regular City Council meeting September 3, 2013
  6. 6. 2013-14 Budget b) These items are included in this budget: • Meet & Confer contract $465,138 • Fire Training Center Debt Service $200,000 • Contractually obligated target increase requests $2,445 • Contingency (raises, priorities, target increases, etc.) $1,308,635
  7. 7. 2013-14 Budget
  8. 8. 2013-14 Budget • c) Conduct a separate record vote to “Ratify the property tax increase of 2.52% as reflected in the newly adopted budget and place the adoption of this tax rate increase on the agenda for the September 3, 2013 regular meeting of the City Council as an action item.”
  9. 9. 2013-14 Budget • Coming up at future meetings: September 3rd • Adopt the budget ordinance • Introduce the tax levy ordinance September 17th • Adopt the tax levy ordinance

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