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Council directs staff to advertise 5% ceiling for Truth in Taxation notice
Summary
After hearing staff analysis, the council instructed staff to tell the county to advertise a 'no greater than' 5% property-tax increase for the Truth in Taxation hearing; members said the advertised ceiling can be reduced later when the budget is finalized.
The Southside City Council instructed staff to ask the county to advertise a "no greater than" 5% increase for the city's Truth in Taxation public hearing.
Peter, the city's finance staff, briefed the council on county-certified-rate timing and historical rates, saying the county's certified collection assumptions and a recent software delay had delayed final figures. Council member Matt pressed for a ceiling the council could advertise to the public; Matt said, "We're here in 5. We will tell the county 5." The group agreed the advertised ceiling can be lowered later when the council finalizes the budget.
Councilors weighed homeowner impacts alongside revenue; staff noted the city would forgo roughly $97,000 in annual revenue if the city simply used the county rate rather than preserving its current rate. Members asked staff to prepare clear descriptions of how any new revenue would be used before a final decision is made.
