Item 9DItem 9D Proposal to Adopt a Tax Increase and hold a Public Hearing
Proposed Tax Rate
Proposed tax rate is $.462
No change from FY2007
Exceeds effective tax rate $.433798
Exceeds rollback rate $.430337
Truth-in Taxation Requirements
Because tax rate exceeds both the rollback and effective rates, Council must
Vote to place proposal to adopt the “increase” on a future agenda
Hold a public hearing
September 4, 2007
September 18, 2007
(regular City Council meetings)
QUESTIONS?
Sharen Jackson