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13 Senior and disabled tax freeze
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13 Senior and disabled tax freeze
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Last modified
8/23/2012 1:03:00 PM
Creation date
6/20/2008 10:21:41 AM
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AGENDA
Item Number
13
AGENDA - Type
ORDINANCE
Description
Discussed ordinance of tax freeze
AGENDA - Date
6/23/2008
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CITY COUNCIL AGENDA ITEM BRIEFING SHEET <br />Submittal Date: <br />Originating Department: <br />Presented By: <br />Agenda Item No.: <br />6/18/08 <br />Council Date: <br />City Council <br />Kevin Carruth <br />13. <br />6/23/08 <br />RECOMMENDED MOTION: <br />Not an action item. <br />POLICY ISSUE(S): <br />Fiscal management; Ordinance <br />BACKGROUND: <br />When the senior and disabled tax freeze was deliberated by the Council 2-3 years ago it <br />was decided to forgo the tax freeze in favor of increasing the senior tax exemption from <br />$17,000 to $20,000 and implementing a new $20,000 exemption for disabled persons. At <br />the April 28, 2008, council meeting it was discussed that if the tax freeze proceeds then <br />the senior and disabled tax exemption should be reduced or eliminated. At the May 12, <br />2008, meeting Council directed staff to place this item back on the agenda the next time <br />the senior tax freeze (agenda item 14) was on the agenda. The $20,000 exemption <br />claimed on 2,232 homesteads results in $249,984 in lost revenue for the City this year. <br />BOARD/COMMISSION RECOMMENDATION: <br />EXHIBITS: <br />Proposed Ordinance, Ordinance Nos. 2006-036 and 2006-037 <br />ACTION: <br />BUDGET INFO: <br />❑ Financial Report ❑ Minute Order <br />Expense <br />$ <br />❑ Department Report ❑ Resolution <br />Budgeted Amt. <br />$ <br />❑ Presentation ~ Ordinance <br />y'I'D Actual <br />$ <br />❑ Public Hearing ❑ Other <br />Acct. Name <br />Acct. Number <br />FISCAL NOTES: <br />REVIEWED AND APPROVED BY: <br />Z Administtation Z City Clerk ❑ Communiry Development ❑ EMS/IT ❑ Finance ❑ Fire <br />❑ Municipal Court Z Legal ❑ Library ❑ Police ❑ Eng./Public Works ❑ Utilities <br />City of Paris Ow►5~ Revised 2/04/08 <br />. <br />
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