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Council sets first reading for 4% city tax-rate increase, schedules public hearing
Summary
Stanford City Council held the first reading of Ordinance T2024 to set 2024 tax rates including a 4% increase and scheduled a public hearing for Sept. 12, 2024 at 6:15 p.m.
The Stanford City Council held the first reading of Ordinance T2024 on Aug. 8, 2024, proposing to set city tax rates on real and personal property for 2024 and to "take the 4% increase."
Councilman Jason Hignite moved and Councilman Joe Tackett seconded the motion to conduct the first reading. The council scheduled a public hearing for Thursday, Sept. 12, 2024 at 6:15 p.m., immediately prior to the regular council meeting, to receive public comment on the proposed tax-rate change. City Clerk Jone Allen read the ordinance summary.
Why it matters: A municipal tax-rate increase affects property taxpayers within the city and requires public notice; the hearing gives residents an opportunity to comment before final action.
Details and next steps: The minutes record the first reading and the hearing date but do not include the ordinance text or projected revenue figures tied to the 4% increase. Further readings or a vote will be required to finalize the rate change.
