Item Coversheet
Meeting Date:
9/6/2022
Staff Contact:

Gabe Reaume

City Manager

 

Kim Quin

Finance Director


 
Agenda Items:

(9)
E-mail:
greaume@saginawtx.org
  Phone:817-230-0324
SUBJECT:
Consideration and Action regarding Ordinance No 2022-14, Adopting and Setting the Property Tax Rate for the 2022 Tax Year

BACKGROUND/DISCUSSION:
Ordinance 2022-14 sets the tax rate at 51.3719 cents (I&S at 23.4886 and M&O at 27.8833).  This rate is reflected in the Fiscal Year 2022/2023 Proposed Budget.  The required public hearing and notices have been published and held. 

FINANCIAL IMPACT:
Collection of property taxes at the adopted rate is a primary funding source for the General Fund and Debt Service Fund budgets.

RECOMMENDATION:

Staff Recommends adopting a property tax rate of 51.3719 cents to fund the Fiscal Year 2022/2023 Budget.

 

 

THE MOTION MUST BE STATED AS:

 

I MOVE THAT THE PROPERTY TAX RATE BE INCREASED BY THE ADOPTION OF A TAX RATE OF .513719, WHICH IS EFFECTIVELY A 16.83 PERCENT INCREASE IN THE TAX RATE. 

ATTACHMENTS:
Description
Tax Rate Ordinance