Title
Consider approving Resolution No. 2016-083 ratifying the property tax revenue increase reflected in the 2016-17 fiscal year budget; and take appropriate action.
Body
BACKGROUND:
Texas Local Government Code Section 102.007(c) requires that adoption of a budget that raises more property tax revenue than was generated the previous year requires a record vote of the City Council to ratify the property tax revenue increase reflected in the budget in addition to and separate from the votes to approve the ordinance adopting the annual budget and the ordinance adopting the tax rate for the current tax year.
DISCUSSION:
Ordinance No. 3394, approved just prior to this item, adopted the 2016-17 fiscal year budget and requires raising more revenue from property taxes than in the 2016-17.
Public hearings concerning the proposed tax rate were held on August 16, 2016 and September 6, 2016. A public hearing concerning the proposed budget was also held September 6, 2016. All applicable laws and City Charter provisions necessary for adoption of the budget have been followed.
RECOMMENDATION:
City Administration recommends approving Resolution No. 2016-083 ratifying the property tax revenue increase reflected in the 2016-17 budget.
POSSIBLE COUNCIL ACTION:
1. I move to approve Resolution No. 2016-083 ratifying the property tax revenue increase reflected in the 2016-17 fiscal year budget.
2. I move to approve Resolution No. 2016-083, with modifications.
3. I move to table the issue for further study or take no action.
ATTACHMENTS:
1. Resolution No. 2016-083