03 - Ratify the Property Tax Increase reflected in the 2020-21 BudgetItem No. 3
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TO: Mayor & City Council
Grayson Path, City Manager
FROM: Gene Anderson, Finance Director
SUBJECT: RATIFYING THE PROPERTY TAX INCREASE IN THE 2020-21 BUDGET
DATE: September 15, 2020
BACKGROUND: Under Local Government Code Section 102.007 (c), the City Council is
required to take a separate vote to ratify any property tax increase reflected in the 2020-21
Budget. This vote is in addition to the vote required to adopt the budget and the vote to adopt the
tax rate.
STATUS OF ISSUE: City staff has placed this matter on agenda, as it must be approved prior to
voting on the tax rate.
BUDGET: N/A
RECOMMENDATION: Motion to ratify the property tax increase reflected in the 2020-21
Budget.