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<br />ItEQUEST FOR CITY COUNCIL AGENIITEM <br /> <br />AGENDA DATE September 14.1998 REQUESTED BY Jeff Litchfield. Finance Director/ACM <br /> <br />_ REPORT; _ RESOLUTION; XX ORDINANCE; <br /> <br />The Fiscal Year 1998-99 Budget was built around a tax rate of 71 cents per hundred dollar <br />valuation. <br /> <br />A breakdown of the tax rate is as follows: <br /> <br />General Fund = 57 cents per hundred dollar valuation <br />Debt Service = 14 cants per hundred dollar valuation <br /> <br />The tax rate of 71 cents is the same rate that has been adopted for the last nine years. <br /> <br />ACTION REQUIRED BY COUNCIL: <br /> <br />Approve Ordinance establishing the tax rate for Fiscal Year 1998-99 at 71 cents per hundred <br />dollar valuation. <br /> <br />FUND N/A ACCT NUM: N/A <br />APPROVED FOR CITY COUNCIL AGENDA <br /> <br />G~\. ~ <br />ROBERT T HERRERA, CITY MANAGER <br /> <br />FUNDS AVAILABLE: N/A <br /> <br />j-lO-'lS <br />DATE <br />