09-19-19 Special Meeting of the La Porte City Council

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REQUEST FOR CITY COUNCIL AGENDA ITEM Agenda Date Requested: September 19, 2019 Requested By: Corby Alexander/Michael Dolby Department: Finance ' Report Ir' Resolution " Ordinance Exhibits: Notice of Public Hearings Effective Tax Rate Calculation Appropriation Source of Funds: Account Number: Amount Budgeted: Amount Requested: Budgeted Item: Yes No SUMMARY The City of La Porte's property tax assessor/collector calculated the City's effective tax rate at $0.685, which is below the City's proposed tax rate of $0.710. The Fiscal Year 2019-2020 budget was based on a $0.710 cent tax rate. At the September 9, 2019, City Council meeting, the City Council voted to hold the first public hearing for the proposed tax rate on September 19, at 5:30 p.m., and the second public hearing for the proposed tax rate on September 23, at 6:00 p.m., in the City Council Chamber at City Hall. In accordance with Section 26.06 of the Property Tax Code, the first public hearing may not be held before the seventh day after the date the notice was given. Notice of the hearing was given to the public on September 12, 2019. The second public hearing may not be held earlier than the third day after the date of the first hearing. At the public hearings, the governing body must afford adequate opportunity for proponents and opponents of the tax increase to present their views. RECOMMENDED MOTION Conduct the first public hearing on the proposed tax rate of $0.710 cents and announce that the second public hearing on the proposed tax rate will be September 231d at 6:00 p.m., in the City Council Chamber at City Hall. Approved for the City Council meeting agenda