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CITY COUNCIL AGENDA MEMO |
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| | | | | | | | | MEETING DATE: | 9/14/2020 | | DEPARTMENT: | Budget | | DIRECTOR: | Karen Rhodes-Whitley, Director of Budget and Research | | AGENDA ITEM: | Public Hearing on Property Tax Rate | | RECOMMENDED ACTION: | Items for Individual Consideration |
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| | | | | | | | ITEM SUMMARY Public Hearing on a proposal to increase total tax revenues from properties on the tax roll in the preceding tax year by 2.97 percent (percentage by which proposed tax rate exceeds lower of voter approval tax rate or no new revenue tax rate calculated under Chapter 26, Tax Code).Conducted |
| | | | | | | | BACKGROUND The City of Plano tax rate is proposed to remain at $0.4482 per $100 of taxable value. The City Council is scheduled to adopt the tax rate on Monday, September 14, 2020. |
| | | | | | | | FINANCIAL SUMMARY/STRATEGIC GOALS Public hearing on the proposed tax revenue increase.
A Public Hearing on the proposed tax revenue increase relates to the City's Strategic Plan Critical Success Factor of Excellent, Innovative, and Accountable City Government.
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