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Council to present voter‑approved tax-rate recommendation at Sept. 9 hearing
Summary
Staff outlined calculations for the no‑new‑revenue and voter‑approved tax rates and said the presentation to the council at the Sept. 9 meeting will recommend the voter‑approved rate unless instructed otherwise.
City staff told council they calculated a no‑new‑revenue rate of 0.480268 and a voter‑approved rate near 0.55009, noting the difference from the current 0.500273 rate would generate about $25,000 in additional revenue.
“...it would be an additional $4.19, you know, for the average, homestead,” the finance presenter said when describing the household impact. Staff said they plan to present the voter‑approved rate at the Sept. 9 public hearing unless council directs a different course.
Council members discussed waiting on written legislative changes before finalizing citizen notices and asked staff to prepare updated estimates if the Legislature alters the 3.5% multiplier. The formal vote on the rate and budget will occur at upcoming meetings scheduled for Sept. 9 and a special meeting on Sept. 16 for the second rate adoption.
