Public Hearing - Budget Section 5, Article VII, of the City Charter requires that a Public Hearing be held on the Proposed Budget for the coming fiscal year. At the Public Hearing, all interested persons shall be given an opportunity to be heard for or against any item contained in the Proposed Budget. The Proposed Budget for 2017-18 has been available for public inspection in the City libraries, in the City Secretary's Office, and on the City's website since August 2, 2017.
Public Hearing - Tax Rate The Texas Property Tax Code, Section 26.05 (d), provides that a governing body may not adopt a tax rate that exceeds the lower of the rollback tax rate or the effective rate until the governing body has held two public hearings on the proposed tax rate and has otherwise complied with Section 26.06 and Section 26.065. The 2017-18 Proposed Budget is based on a tax rate of 70.46 cents per $100 of valuation, which does exceed the effective tax rate of 65.31 cents due to a 7.89% increase in taxable values.
3. Approve Incentive Agreement for Digital Garland, LLC. Consider a development incentive request from Digital Garland, LLC to construct a datacenter campus on a 47 acre tract of land located near the intersection of Campbell Road and State Highway 190. 4. Adjourn
Aug 24, 2017 Special City Council
Public Hearing - Budget Section 5, Article VII, of the City Charter requires that a Public Hearing be held on the Proposed Budget for the coming fiscal year. At the Public Hearing, all interested persons shall be given an opportunity to be heard for or against any item contained in the Proposed Budget. The Proposed Budget for 2017-18 has been available for public inspection in the City libraries, in the City Secretary's Office, and on the City's website since August 2, 2017.
Public Hearing - Tax Rate The Texas Property Tax Code, Section 26.05 (d), provides that a governing body may not adopt a tax rate that exceeds the lower of the rollback tax rate or the effective rate until the governing body has held two public hearings on the proposed tax rate and has otherwise complied with Section 26.06 and Section 26.065. The 2017-18 Proposed Budget is based on a tax rate of 70.46 cents per $100 of valuation, which does exceed the effective tax rate of 65.31 cents due to a 7.89% increase in taxable values.
3. Approve Incentive Agreement for Digital Garland, LLC. Consider a development incentive request from Digital Garland, LLC to construct a datacenter campus on a 47 acre tract of land located near the intersection of Campbell Road and State Highway 190. 4. Adjourn