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7/20 <br /> <br />8/13 <br /> <br />8/8 <br /> <br />8/20 <br /> <br />BUDGET AND TAX RATE PROCEDURES <br /> For Fiscal Year 2001/2002 <br /> (Modified: August 14, 2001) <br /> <br />JULY 25 - LCAD shall prepare and certify to the Director of Finance the <br />approved appraisal roll listing property taxable by the City. [Tax Code, Sec. <br />26. O1 (a)] <br /> <br />AUGUST 1 (or as soon thereafter as practicable) - Director of Finance presents <br />the Certified Tax Roll to the City Council. [Tax Code, Sec. 26. 04(b)] <br /> <br />AUGUST 7 (or as soon thereafter as practicable) - Director of Finance publishes <br />"Property Tax Rates" in newspaper. [Tax Code, Sec. 26. 04(e)] <br /> <br />NO LATER THAN AUGUST 30 - PRESENT BUDGET <br />City Council Meeting: <br />__a. City Manager presents budget to City Council. This must be done <br /> between thirty (30) and ninety (90) days prior to beginning of fiscal year, <br /> being October 1 [Charter, Sec. 45], and at least thirty (30) days prior to the <br /> adoption of the tax rate, same being no later than September 30. IL. G. C., <br /> Sec. 102. O05(a)l <br /> b. The budget is filed with the City Clerk. [Charter, Sec. 48] This must be <br /> done before the thirtieth (30th) day before the date the City Council <br /> makes its tax levy for the fiscal year. [L.G.C., Sec. 102.005] <br />__c. By Resolution, fix the date, time, and place for the public hearing on the <br /> City Manager's Budget. Such hearing may be held no sooner than the <br /> sixteenth (16th) day after the date the City Manager's Budget is filed with <br /> the City Clerk but before the date the Council makes its tax levy. IL. G. C., <br /> Sec. 102. O06(b)] <br />IF THERE WILL BE NO INCREASE~ IN THE TAX RATE, <br /> <br />PROCEED TO STEP 5 <br /> d. IF THERE WILL BE AN iNCREASE~ IN THE TAX RATE - Record <br /> vote on proposal to consider tax increase*. [Tax Code, Sec. 26.06(b)(1)] <br />__e. IF THERE WILL BE AN iNCREASE~ IN THE TAX RATE - By <br /> Resolution, fix the date, time, and place for the public hearing on the tax <br /> increase*. [Tax Code, Sec. 26.06(b)(1)] <br /> <br />8/26 5. <br /> <br />NOTICE OF BUDGET HEARING: Publish notice of the Budget Hearing one <br />time in the Paris News (Sunday preferred) at least ten (10) days but not more than <br />thirty (30) days before the date of the public hearing. IL. G. C., Sec. 102. 0065(b)] <br /> <br />IF THERE WILL BE NO INCREASE~ IN THE TAX RATE, PROCEED TO <br /> <br />STEP 7 <br /> <br /> <br />