DEPARTMENT: Office of Management and Budget
DEPARTMENT HEAD: John Woodruff
COUNCIL DISTRICTS IMPACTED: City Wide
SUBJECT:
Public Hearings for the 2016 Ad Valorem Tax Rate and FY 2017 Proposed Budget
SUMMARY:
On Wednesday, August 31, 2016, at 6:00 PM in City Council Chambers two Public Hearings are scheduled:
1) 2016 Proposed Ad Valorem Tax Rate Public Hearing for the FY 2017 Proposed Budget
2) FY 2017 Proposed Budget Public Hearing
The Public Hearings will provide an opportunity for residents to comment on the 2016 Proposed Ad Valorem Tax Rate for the FY 2017 Proposed Budget and FY 2017 Proposed Budget. The Public Hearing on the 2016 Proposed Ad Valorem Tax Rate will be held at 6:00 PM immediately followed by the Public Hearing on the FY 2017 Proposed Budget.
BACKGROUND INFORMATION:
The FY 2017 Proposed Budget was presented to the Mayor and City Council on August 18, 2016. As part of the FY 2017 Budget Development Strategy, City staff gathered input on the priorities of the community for the FY 2017 Budget by attending various community wide events during the months of April and May and received over 5,000 responses. Five additional Community Budget Open Houses will be held from August 22 to September 1 to receive feedback on the FY 2017 Proposed Budget. In addition to the Open Houses, the Budget Calendar includes two Budget Public Hearings at City Council Chambers on Wednesday, August 31, 2016 and Wednesday, September 7, 2016.
State Law requires that a municipality hold two Tax Rate Public Hearings when the Proposed Ad Valorem Tax Rate exceeds the Effective Tax Rate. The first Public Hearing is scheduled for Wednesday, August 31, 2016 and the second Public Hearing is scheduled for Wednesday, September 7, 2016.
City Charter also requires that one Public Hearing on the Proposed Budget be held. Staff recommends two Public Hearings on the FY 2017 Proposed Budget to be held on Wednesday, August 31, 2016 and Wednesday, September 7, 2016.
The ...
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