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Brentwood City Commission Agenda

Meeting Date:	05/22/2017
Ordinance 2017-12 - An Ordinance to Adopt the Property Tax Rate for Fiscal Year 2017-2018
Submitted by:	Richard Parker, Finance
Department:	Finance

Information

Subject

Ordinance 2017-12 - An Ordinance to Adopt the Property Tax Rate for the Fiscal Year Beginning July 1, 2017 and Ending June 30, 2018

Background

The accompanying ordinance provides for the adoption on first reading of the tax rate to fund the FY 2017-2018 proposed General Fund budget. The proposed tax rate is $0.36 per $100 of assessed value of taxable property. This levy represents the same effective property tax rate for the City of Brentwood for the twenty-seventh (27th) year in a row.

If approved, please note that final reading of Ordinance 2017-12 will not occur until the June 26, 2017 meeting. Formal public hearings are scheduled at three City Commission meetings set for Monday, May 22, 2017, Tuesday, June 13, 2017, and Monday, June 26, 2017.

Please contact the Finance Director if you have any questions.

Staff Recommendation

The staff recommends approval of Ordinance 2017-12 on first reading.

Previous Commission Action

Section 6-22-107(b) of the City Charter requires the Board of Commissioners to establish annually a tax levy sufficient to fund the approved appropriations for the General Fund budget in the new fiscal year.

Fiscal Impact

Attachments
Ordinance 2017-12