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6 • FINANCEGrand Mission Municipal Utility District #1 (Fort Bend County)

New Business; including (a) review report from the District's Financial Advisor on the tax rate necessary to meet the District's debt service requirements; (b) call for future hearing for the review of the proposed 2021 tax rate; (c) authorize publication

Presented in: Grand Mission Municipal Utility District #1 Board Meeting - 2021-09-13 on 2021-09-13
Meeting Agenda PDF

Official Roll-Call Vote

Expands Gov't • 8.5/10 Impact Weight
PASSED (6 - 0)
“Motion to approve New Business; including (a) review report from the District's Financial Advisor on the tax rate necessary to meet the District's debt service requirements; (b) call for future hearing for the review of the proposed 2021 tax rate; (c) authorize publication”
DH
YES
SH
Syed Hasan
Director (Place 1)
YES
JB
Judson Brown
Director (Place 2)
YES
DA
Darrell A. Hawthorne
Director (Place 3)
YES
VM
Vincente M. Salazar III
Director (Place 4)
YES
LT
Laski Tesalonika
Director (Place 5)
YES

Staff Report & Agenda Item Details

New Business; including (a) review report from the District's Financial Advisor on the tax rate necessary to meet the District's debt service requirements; (b) call for future hearing for the review of the proposed 2021 tax rate; (c) authorize publication and notice of hearing on the proposed 2021 tax rate; (d) review Annual Financial Report for the fiscal year ended 30 June 2021; (e) authorize filing of the Annual Financial Report with the Texas Commission on Environmental Quality and other agencies as required; (f) review investment policies and investment procedures of the District; adopt Resolution Evidencing annual review of the lnvestment Policies and I nvestment Procedu res;

Bastiat Liberty & Property Rights Analysis

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 8.5/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).