Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Property Tax topic
No spam. Unsubscribe anytime.
Shenandoah council sets 2024 tax-rate cap at 0.1421, triggering public hearing
Summary
Council voted to set a 2024 property-tax rate not to exceed 0.1421, a move that will trigger the required public hearing because it exceeds the no-new-revenue rate. Staff said the rate is designed to keep the budget balanced while protecting public-safety and cybersecurity funding.
Shenandoah city council voted on Aug. 14 to set the 2024 property-tax rate at a ceiling of 0.1421, a step that will require a public hearing because it exceeds the “no‑new‑revenue” (NNR) threshold.
Staff (speaker 9) presented updated certified property values and two statutory rate calculations: the NNR rate and the voter-approval rate (VAR). The NNR and VAR, staff said, are the basis for deciding whether a proposed rate triggers a public hearing. Staff recommended a rate cap of 0.1421 to balance the operating budget while preserving funding for public-safety needs and an increased cybersecurity line item.
A council member (speaker 5) moved to set the rate not to exceed 0.1421; the motion was seconded and carried by voice vote. Staff emphasized that the council was not adopting a final tax rate that night but establishing the cap that determines whether additional public‑hearing procedures are required. The city manager and finance staff said the VAR (voter-approval rate) is 0.1422 and that going to a rate above the NNR would necessitate legally required notices and an election process if the council later adopted a rate above the VAR.
The vote does not set a final rate; council and staff said they will continue budget discussions and plan to bring the adoption to the next meeting once revenue projections and budget refinements are complete.
