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Preliminary FY revenue, taxable value and tax-rate options presented to Northlake council
Summary
Finance Director John presented preliminary FY numbers: certified taxable value ~$3.7 billion (up ~18%), no‑new‑revenue tax‑rate estimate 27¢ (~$9.8M), de minimis estimate ~29.5¢ (~$10.2M); council set hearings Aug.14 and considered calendar sequencing for budget and tax-rate adoption.
John (finance director) briefed the council on preliminary town revenue estimates and the remaining steps in the budget and tax‑rate process. He reported the certified roll shows approximately $3.7 billion in taxable value, an 18% increase year over year with roughly 9% attributable to new value. Using current figures he presented…
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