Memo Resolution Record Vote for Preliminary Max. Property Tax Rate00 f i
City Council Meeting: August 7,2012
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Record Vote for Preliminary Maximum
Property Tax Rate
In accordance with Chapter 26.05(d) of the State's Property Tax Code, a governing body must
take a Record Vote to place a proposal to adopt the rate on the agenda of a future meeting as an
action item if the preliminary tax rate exceeds the Effective Tax Rate. The proposal must specify
t�e desired rzte.
After the Record Vote, the governing body must then schedule two (2) Public hearings at which
the proposed tax rate will be considered. A one-quarter page "Notice of Public Hearing on Tax
Increase" must be published in the local newspaper. The notice will contain information based
upon a preliminary tax rate to be determined by the City Council. Further, another record vote
will have to be taken on the proposed rate prior to final adoption of the tax rate ordinance.
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Staff recommends the Council take a Record Vote on the preliminary tax rate of $0.5095 per
$100 valuation and schedule two Public Hearings for August 21, 2012 and August 28, 2012.
Final adoption vote is scheduled for September 4, 2012.
I It It- I 1 11 1 1 0 1 Milijill
PASSED AND APPROVED at a regular meeting of the City Council of the City of Schert
Texas this 7th day of August, 2012, at which meeting a quorum was present, held in accordan
with the provisions • V.T.C.A., Government Code, §55 1.001 et seq. I-
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Brenda Dennis, City Secretary