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Brentwood City Commission Agenda

Meeting Date:	05/29/2018
Ordinance 2018-08 - An Ordinance to Adopt the Property Tax Rate for Fiscal Year 2018-2019
Submitted by:	Richard Parker, Finance
Department:	Finance

Information

Subject

Ordinance 2018-08 - An Ordinance to Adopt the Property Tax Rate for the Fiscal Year Beginning July 1, 2018 and Ending June 30, 2019.

Background

The accompanying ordinance provides for the adoption on first reading of the tax rate to fund the FY 2018-2019 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 28th year in a row.

If approved, please note that final reading of Ordinance 2018-08 will not occur until the June 25, 2018 meeting. Formal public hearings are scheduled at three City Commission meetings set for Tuesday, May 29, 2018, Tuesday, June 12, 2018, and Monday, June 25, 2018.

Please contact the Finance Director if you have any questions.

Staff Recommendation

The staff recommends approval of Ordinance 2018-08 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 2018-08