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Item No. 4 <br />TO: Mayor & City Council <br />FROM: Gene Anderson, Interim City Manager & Finance Director <br />SUBJECT: RATIFYING THE PROPERTY TAX INCREASE IN THE 2019-20 BUDGET <br />DATE: September 10, 2019 <br />BACKGROUND: Under Local Government Code Section 102.007 (c), the City Council is <br />required to take a separate vote to ratify any property tax increase reflected in the 2019-20 <br />Budget. This vote is in addition to the vote required to adopt the budget and the vote to adopt the <br />tax rate. <br />STATUS OF ISSUE: This matter is waiting for City Council approval. If no tax increase is <br />budgeted, this item may be passed over. <br />BUDGET: N/A <br />RECOMMENDATION: Motion to ratify any property tax increase reflected in the 2019-20 <br />Budget. <br />