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Council to certify rollback rate after House Bill 92 guidance, finance director says
Summary
Finance Director Ronnie Campbell told the council that revised guidance tied to House Bill 92 requires the governing body to approve the estimated rollback rate by resolution; staff said the matter is primarily administrative and will appear on the council meeting agenda for action.
Finance Director Ronnie Campbell briefed the council about post-legislative guidance tied to House Bill 92, saying the tax commissioner's office now expects the governing body to certify the city’s estimated rollback rate by resolution. "This item is pretty much summarized for you in the update section of your memo... revised guidance was provided from the tax commissioner's office that the estimated rollback rate needed to be approved by resolution of the governing body based on a signing of house bill 92," Campbell said.
Campbell told council the city had previously submitted estimated rollback information by the March 1 deadline but that county staff subsequently requested a formal certification by the council. Council members described the step as administrative; staff confirmed the item would appear on the formal council meeting agenda for a vote. No policy change regarding the floating homestead exemption was requested at this work session.
