Item 6F - Staff ReportItem 6F
CITY OF MEMORANDUM
SOUTHLAK
September 8, 2025
To: Alison Ortowski, City Manager
From: Sharen Jackson, Chief Financial Officer
Subject: Ratification of tax rate reflected in the budget
Action
Requested: City Council's ratification of the tax rate reflected in the
budget.
Background
Information: Per Truth in Taxation laws, if a taxing entity adopts a budget
that includes a tax rate exceeding the no -new -revenue rate,
the governing body must ratify that tax rate formally in a
separate motion.
Financial
Considerations: The no -new -revenue tax rate would result in a property tax
revenue reduction for FY 2026 of $3,626,852.
Strategic Link: F1 Safeguarding the public trust through a commitment to
thoughtful planning and responsible, conservative financial
management.
Citizen Input/
Board Review: None required
Legal Review: None required
Alternatives: None. Action is required if the tax rate exceeds the no -new -
revenue rate of $0.274049.
Supporting
Documents: None
Staff
Recommendation: Ratification of the tax rate reflected in the budget.