Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Tax Rate topic
No spam. Unsubscribe anytime.
Log Cabin council approves proposed tax rate of $0.469999 per $100 valuation
Summary
The Log Cabin City Council approved a proposed tax rate of $0.469999 per $100 valuation for fiscal 2024–25 after reviewing amended calculations; the city will hold public hearings on the budget and tax rate Sept. 19, 2024.
The Log Cabin City Council on Aug. 15 approved a proposed total tax rate of $0.469999 per $100 of assessed valuation for fiscal year 2024–25.
Mayor Jennifer Williams told the council the “previously submitted calculation changed slightly due to a missed line item in the worksheets, despite several people having looked at them, but the change isn't much.” The council reviewed the amended rates, which included a No‑New‑Revenue Rate of $0.457249 per $100, a Voter Approval Rate of $0.476846 per $100, and a De Minimis Rate of $1.123051 per $100. The approved proposed rate is split into a maintenance & operations rate of $0.197895 and an interest & sinking rate of $0.272104 per $100.
Councilmember Larry Sutherland moved to approve the proposed total rate; Randy Page seconded, and the motion passed with all members present voting in favor. The city has scheduled Budget and Tax Rate public hearings for Sept. 19, 2024, at 7:00 p.m., during which the public can comment before the council adopts a final rate.
The action recorded in the minutes is the approval of a proposed rate for publication and hearing; the council did not adopt a final tax rate at this meeting.
