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Council ratifies property tax increase reflected in 2024–25 budget

Council · August 20, 2024
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Summary

The council voted to ratify a property tax increase shown in the fiscal year 2024–25 budget, adopting a tax rate of 0.468097 per $100 of taxable value — noted in the record as an 8.09% increase in tax revenue — after canceling a related public hearing that had been scheduled for 08/20/2024.

The council voted to ratify a property tax increase reflected in the fiscal year 2024–25 budget, adopting a tax rate of 0.468097 per $100 of taxable value, which was described in the record as an 8.09% increase in tax revenue.

The vote followed a staff announcement that a public hearing advertised for 08/20/2024 at 6 p.m. to gather input on land-use assumptions and a capital improvement plan tied to potential water, wastewater and roadway impact fees had been canceled and will be rescheduled. Speaker 1 read the cancellation into the record and explained the hearing will be reset for a future date.

Speaker 2 explained that state/local procedure requires a roll-call vote to ratify any increase in property tax revenue reflected in a passed budget and that this must occur before adopting the property tax rate. The staff explanation stated the revenue increase resulted from new properties being added to the tax roll and increases in assessed values.

A motion to ratify the increase was moved by Speaker 5 and seconded by Speaker 1. During the roll call, Speaker 3 recorded 'Aye' votes from Doug Ewing, Alex Esquivel, a speaker recorded in the transcript as "Doctor," and Gary Chapman; the motion carried as recorded. The transcript does not specify titles or roles for those who voted or whether additional members were present but silent.

After the ratification, Speaker 1 moved to adjourn, Speaker 4 seconded, and the meeting was declared adjourned.

The record includes no additional formal actions, amendments, funding breakdowns, or further public testimony on the rate itself; the canceled public hearing on impact fees will be rescheduled for a later date.