42.1 F
Kennedale
Friday, December 4, 2020

Public hearing on budget and tax rate set for Thursday

Related Articles

?
The Kennedale City Council has called a special meeting on September 5, 2019 for 7:00 PM at Kennedale City Hall Council Chambers, 405 Municipal Drive for the purpose of discussing the proposed 2019-20 budget and tax rate to support the proposed budget. {{more: continue …}}
?
The public is invited. See Agenda
?

Proposed budget ?

?
According to Chapter 102, Section 102.006 of the Local Government Code, “the governing body of a municipality shall hold a public hearing on the proposed budget. Any person may attend and may participate in the hearing. The governing body shall also provide for public notice of the date, time, and location of the hearing.” Notification was accomplished by publication in the Fort Worth Star-Telegram (the City of Kennedale’s newspaper of record) on Wednesday, August 21, 2019. Lastly, Section 102.007 states that “at the conclusion of the public hearing, the body of the municipality shall take action on the proposed budget.”
?
Since this is the second required public hearing on the proposed budget the Council is set for action on the budget. However, action may be postponed by action of the Council.? Expect that Council will set the adoption for Tuesday, September 17, 2019 when the tax rate will also be set for approval.
?

See?2019_08.16 FY19-20 Proposed Budget


?Proposed tax rate ?

?
The City will hold the first required public hearing on the tax rate as stated as follows.
?
“The total Proposed Ad Valorem (Property Tax) Rate for FY19?20 is $0.734970 (per $100), of which $0.544429 supports Maintenance and Operations (M&O) and 0.190541 supports Interest and Sinking (I&S) (or “debt service”).”
?
The meeting for the tax rate is only a public hearing and the tax rate will not be approved during this meeting. There is a requirement that a second public hearing must be held before adoption.??
?
“A second public hearing on the FY2019?2020 Proposed Tax Rate will be held Friday, September 13, 2019, at 2:00 p.m. in the Council Chambers at City Hall (405 Municipal Drive, Kennedale, TX 76060). The dates of these public hearings were published in the Fort Worth Star-Telegram (the City’s newspaper of record) on Friday, August 23, 2019.”?
?
The City Council is required to announce the time and date when the actual vote on the tax rate will happen. Expect that the date will be set for September 17 at 7 PM in the Kennedale City Council Chambers.
?

See?Staff Report


?

More on this topic

Comments

Advertisment

Popular stories