CITY COUNCIL STAFF SUMMARY

Meeting Date: 9-19-16.

Agenda item: 6.6

Prepared by: Lara Feagins

Reviewed by: Bill Hill

AGENDA ITEM DESCRIPTION:

Record vote to ratify the property tax increase reflected in the FY 2016-17 Budget (Record
Vote) - City Manager

Attachments for Reference:

1) 2016/2017 Cover Page

BACKGROUND / HISTORY: Per the Local Government Code Title 4. Finances, Subtitle A.
Municipal Finances, Chapter 102 Municipal Budgets, Section 102.007 (c) adoption of a budget
that will require raising more revenue from property taxes than in the previous year requires a
separate vote of the governing body to ratify the property tax increase reflected in the budget.
DISCUSSION: The approved adopted budget cover contains the following statement that
corresponds with the above vote in 18-point or larger type. Also required under 102.007
Adoption of Budget (d), (3) & (4) is the property tax comparisons and total amount of municipal
debt obligations. See the attached cover page included in the 16/17 Budget for all required
wording and comparisons.

COURSES OF ACTION: Take a Record vote to ratify the property tax increase reflected in
the FY 2016-17 Adopted Budget.

FINANCIAL IMPACT: Various

STAFF RECOMMENDATION: Motion to Take a Record vote to ratify the property tax
increase reflected in the FY 2016-17 Adopted Budget.

This budget will raise more revenue from property taxes than
last years budget by an amount of $205,506, which is a
7.2146% increase from last years budget. The property tax
revenue to be raised from new property added to the tax roll
this year is $208,230.
Record Vote on Budget & Tax Rate:
Mayor
Bob Werner
Council Members
Michele Ross (Pro Tem)
Allan Berrier
Bob Heintzelman
Mary Ann Hisel
Mike Simpson

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Property Tax Comparison:

Adopted Tax Rate

Effective Tax Rate
Effective Maintenance & Operations
Rollback Tax Rate
Debt Tax Rate (I&S)

FY 2016

FY 2017

0.287742
0.287742
0.269903
0.315171
0.023676

0.287742
0.294780
0.270531
0.307563
0.015390

Total debt obligation for the City of Shavano Park secured by property taxes:
$4,115,000.