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03 - Ratifying the Property Tax Increase in the 2023-24 Budget
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03 - Ratifying the Property Tax Increase in the 2023-24 Budget
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Item No. 3 <br />TO: Mayor, Mayor Pro -Tem, & City Council <br />Grayson Path, City Manager <br />FROM: Gene Anderson, Finance Director <br />SUBJECT: RATIFYING THE PROPERTY TAX INCREASE IN THE 2023-24 BUDGET <br />DATE: September 12, 2023 <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 2023-24 Budget. <br />This vote is in addition to the vote required to adopt the budget and the vote to adopt the tax rate. <br />STATUS OF ISSUE: City staff has placed this matter on the agenda, as it must be approved prior <br />to voting on the tax rate. <br />BUDGET: N/A <br />RECOMMENDATION: Motion to ratify any property tax increase reflected in the 2023-24 <br />Budget. <br />
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