Setting of Tax Rate Public Hearing Date for FY 2021
Submitted By:
Monika Arris
Department:
Budget/Finance
Request Type:
GENERAL
Information
Department Action
Discussion and any action regarding the setting of Public Hearing for the Proposed FY 2021 tax rate.
Purchasing Department Action
No action by Purchasing.
HR and/or IT Action
Budget Department Action
Discussion and any action regarding the setting of Public Hearings for the Proposed FY 2021 tax rate.
Due to the compressed timefram for adopting a tax rate tat exceeds the voter-approval rate, S.B. 2 eliminating one of the existing tax rate hearings. Under S.B. 2, a county that adopts a rate exceeding the lower of the no-new-revenue tax rate or the voter-approval tax rate must only hold one public hearing. Tax Code Section 26.05(d)