CC MEETING: September 10, 2024
DATE: August 29, 2024
TO: Erin Rinehart, City Manager
FROM: Melissa Everett, Finance Director
Chrystal Davis, Assistant City Manager
Title
Conduct A Public Hearing On The Proposed 2024 Property Tax Rate And Proposed Operating And Capital Budget For The Fiscal Year October 1, 2024 Through September 30, 2025.
Body
BACKGROUND:
The Proposed Budget was distributed to Council on July 31, 2024 and a Council work session was held August 6, 2024, at which staff presented the Proposed Budget. An additional Council work session was conducted on August 20, 2024, to provide Council the opportunity to deliberate and provide guidance to staff for the finalization of the Proposed Budget. The Public Hearing on the Proposed Budget and Proposed Tax Rate was scheduled for September 10, 2024. Required publication of the tax rates and public hearing dates were advertised in the Dallas Morning News on August 31, 2024. The Proposed Budget and Proposed Tax Rate are to be presented to Council for adoption on September 10, 2024.
STAFF RECOMMENDATION/ACTION DESIRED:
Hold a Public Hearing on September 10, 2024, on the proposed tax rate for Tax Year 2024 and the proposed budget for Fiscal Year 2025. Any changes resulting from citizen input could be considered and incorporated into the budget that night, prior to the approval of the budget during the regular meeting.