Leon Valley
TX

Staff Report
17-69

Discuss and Consider Possible Action to Call for Two Public Hearings on the Proposed 2017 Tax Rate of $0.556599/$100

Information

Department:FinanceSponsors:
Category:Budget

Item Discussion

PURPOSE

 

The City is proposing to adopt a tax rate of $0.556599/$100 property valuation for the Tax Year 2017, which is the same tax rate as last year. Chapter 26 of the Texas Property Tax Code requires the City to hold two public hearings on the proposed 2017 Tax Rate if the proposed tax rate exceeds the rollback tax rate or effective tax rate, whichever is lower.  For the 2017 Tax Year, the proposed Tax Rate of $0.556599/$100 exceeds the Effective Tax Rate of $0.533943/$100 by 4.243150%.

 

The first public hearing will be on Tuesday, September 5, 2017, at 6:00 p.m. In the City Council Chambers, 6400 El Verde Road, Leon Valley, Texas 78238.

 

The second public hearing will be on Tuesday, September 12, 2017, at 6:00 p.m. In the City Council Chambers, 6400 El Verde Road, Leon Valley, Texas 78238.

 

SEE LEON VALLEY

 

Social - A responsible municipal budget strives to allocate taxpayer dollars in an efficient and effective manner that represents all citizens equally. Public Hearings ensure the citizens of Leon Valley transparency in Government.

 

Economic - Utilizing taxpayer monies to maximize public safety, city administration and city programs/services allows the City to actively pursue Economic Development opportunities.

 

Environmental - The City’s El Verde by 2020 initiative continues to be supported through careful allocation of budgetary dollars that promotes sustainability. Ad Valorem Taxes are the most stable source of revenue for the General Fund.

 

FISCAL IMPACT

 

Property taxes fund the activities in the General Fund and Debt Service Fund Budgets for Fiscal Year 2018.

 

 

Document Comments

RECOMMENDATION

 

Call for two public hearings on the proposed 2017 Tax Rate of $.556599/$100 as follows:

 

First Public Hearing - Tuesday, September 5, 2017, at 6:00 p.m. in the City Council Chambers, 6400 El Verde Road, Leon Valley, Texas 78238.

 

Second Public Hearing - Tuesday, September 12, 2017, 6:00 p.m. in the City Council Chambers, 6400 El Verde Road, Leon Valley, Texas 78238.

 

 

Meeting History

Aug 15, 2017 6:00 PM  City Council Regular Meeting

A motion was made by Council Member Benny Martinez and seconded by Council Member David Jordan to conduct two public hearings on the proposed 2017 Tax Rate of $.556599/$100 as follows: First Public Hearing - Tuesday, September 5, 2017, at 6:00 p.m. in the City Council Chambers, 6400 El Verde Road, Leon Valley, Texas 78238; and a Second Public Hearing - Tuesday, September 12, 2017, 6:00 p.m. in the City Council Chambers, 6400 El Verde Road, Leon Valley, Texas 78238.

Mayor Riley requested a call vote to which the City Council replied: Council Member Edwards - Absent; Council Member Alcocer - Absent; Council Member Martinez - Aye; Council Member Jordan - Aye; and Council Member Ealy - Aye. Upon a unanimous vote, Mayor Riley announced the motion carried.

RESULT:APPROVED [UNANIMOUS]
MOVER:Benny Martinez, Mayor Pro Tem
SECONDER:David Jordan, Council Place 5
AYES:Benny Martinez, Belinda Ealy, David Jordan

Discussion