Agenda

Return

Old Business

Brentwood City Commission Agenda

Meeting Date:	06/26/2023
Ordinance 2023-06 - An Ordinance to Adopt the Property Tax Rate for Fiscal Year 2023-2024
Submitted by:	Karen Harper, Finance
Department:	Finance

Information

Subject

Ordinance 2023-06 - An Ordinance to Adopt the Property Tax Rate for the Fiscal Year Beginning July 1, 2023 and Ending June 30, 2024.

Background

The accompanying ordinance provides for the adoption of the tax rate to fund the FY 2023-2024 proposed General Fund budget. The proposed tax rate is $0.29 per $100 of assessed value of taxable property. This levy represents the same effective property tax rate for the City of Brentwood for the 33rd year in a row.

Formal public hearings were scheduled at three City Commission meetings set for Monday, May 22, 2023, Monday, June 12, 2023, and Monday, June 26, 2023. This is the final reading of Ordinance 2023-06.

Please contact the Finance Director if you have any questions.

Staff Recommendation

The staff recommends approval of Ordinance 2023-06 on second and final reading.

Previous Commission Action

Ordinance 2023-06 passed unanimously on first reading at the May 22, 2023 meeting.

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

Amount :
Source of Funds:
Account Number:

Fiscal Impact:

The budgeted amount for both real and personal property taxes for FY2024 is $12,950,000.

Attachments
Ordinance 2023-06
Signed Ordinance