Title
Resolution - A Resolution Recognizing that the City Council of the City of Mansfield, Texas is Proposing to Adopt a Tax Rate on a Future Agenda
Requested Action
To vote to put a proposed tax rate on the August 26, 2013 City Council Agenda for Public Hearing and Comment.
Recommendation
That City Council pass a resolution proposing to vote on a tax rate ($0.71 per $100) on a future agenda and to hold public hearings on the tax rate at the next regularly scheduled City Council meeting, August 26, 2013 and a special scheduled City Council meeting, September 3, 2013. The vote on the tax rate is scheduled for September 9, 10 and 11, 2013.
Description/History
The Texas Property Tax Code is specific about the process that taxing authorities must go through before the adoption of tax rate. This action is required action and in accordance with the Property Tax Code. The adoption of this resolution is simply to announce the intent of the Council to adopt a tax rate at a future date after public hearings have been held on the tax rate.
Justification
The tax rate will provide the revenues for the payment of the City's expenditures for fiscal year 2014.
Funding Source
N/A
Prepared By
Peter K. Phillis, CPA
Director of Business Services
817-276-4261