Consider approving the proposed ad valorem tax rate for 2026 (Fiscal Year October 1, 2026 - September 30, 2027).

Staff Report & Agenda Item Details

There may be legal posting and publication requirements depending upon the City Council’s decision regarding the ad valorem tax rate.<br><br>1.   If Council proposes a tax rate that is greater than the no-new-revenue tax rate or the voter-approval tax rate, whichever is lower, there are additional publication and hearing requirements. <ul><li style="margin-left: 20px;">As delineated on the attached schedule for a September 14th adoption date, the City Council will need to: (i) take a record vote on the proposed tax rate and (ii) set the time, date and place of the public hearing.</li></ul><span style="color: rgb(65, 65, 65); font-family: sans-serif; font-size: 14px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;"><br></span>2.   If Council proposes a tax rate that is not greater than the no-new-revenue tax rate or the voter-approved tax rate, whichever is lower, there are no additional publication or hearing requirements.<br><br>This item allows the City Council to take a record vote on the proposed ad valorem tax rate.