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HomeMy WebLinkAbout2012-08-07 Special Meeting Packet�' HOMETOWN CITY COUNCIL MEETING SIGN IN SHEET DATE: __����� Please sign -in as a record of attendance. All persons desiring to address the council are requested to sign below and fill out an Opinion/Speaker Registration Form. Please hand the Opinion/Speaker Regish•ation Form to the City Secretary prior to the start of the City Council Meeting. NAME ADDRESS i �" Notice of Public Hearing on Tax Increase The City of Anna will hold two public hearings on a proposal to increase total tax revenues from properties on the tax roll in the preceding tax year by 0.54 percent (percentage by which proposed tax rate exceeds lower of rollback tax rate or effective tax calculated under Chapter 26, Tax Code). Your individual taxes may increase at a greater or lesser rate, or even decrease, depending on the change in the taxable value of your property in relation to the change in taxable value of all other property and the tax rate that is adopted. The first public hearing will be held on August 21, 2012 at 6:30 PM at Anna City Hall, 101 North Powell Parkway, Anna, Texas 75409. The second public hearing will be held on August 28, 2012 at 7:30 PM at Anna City Hall, 101 North Powell Parkway, Anna, Texas 75409. The members of the governing body voted on the proposal to consider the tax increase as follows. FOR: AGAINST: PRESENT and not voting: ABSENT: The average taxable value of a. residence homestead in City of Anna last year was $112,182. Based on last year's tax rate of $0.650332 per $100 of taxable value, the amount of taxes imposed last year on the average home was $729,56, The average taxable value of a residence homestead in City of Anna this year is $111,816. If the governing body adopts the effective tax rate for this year of W.646813 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $723.24. If the governing body adopts the proposed tax rate of $0.650332 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $727.18. Members of the public are encouraged to attend the hearings and express their views. CITY OF ANNA AGENDA NOTICE —CITY COUNCIL SPECIAL MEETING August 7, 2012 6:30 PM —Anna City Hall Administration Building The City Council of the City of Anna will meet in Special Session at 6:30 p.m., August 7, 2012, at the Anna City Hall Administration Building, located at 111 North Powell Parkway (Hwy 5), regarding the following items. 1. Call to Order 2. Roll Call and Establishment of Quorum. 3. Discussion regarding Proposed 2012-2013 FY Budget. 4. Consider/Discuss/Action approving a Resolution regarding a Proposed Tax Rate for Fiscal Year 2012-2013. (Clayton Fulton) 5. Consider/Discuss/Action approving a Resolution setting the date and time for two Public Hearings on the proposed FY 2012-2013 Tax Rate. (Clayton Fulton) 6. Adjourn. This is to certify that I, Natha Wilkison, City Secretary, posted this agenda at a place readily accessible to the public at the Anna City Hall and on the City Hall bulletin board at or before 5:00 p.m., August 3, 2012. Natha Wilkison, City Secretary 1. T'he Council may vote and/or act upon each of the items listed in this agenda. 2. The Council reserves the right to retire into executive session concerning any of the items listed on this agenda, whenever it is considered necessary and legally justified under the Open Meeting Act. 3. Persons with a disability who want to attend this meeting who may need assistance should contact the City Secretary at 972 924- 3325 two working days prior to the meeting so that appropriate arrangements can be made. 08-07-12 CC Special CC Agenda.doc 1 Posted 08-03-12 Council Meeting: August 7, 2012 Account Code #: N/A Budgeted Amount: N/A AGENDA SUBJECT: SUMMARY: RECOMMENDATION: Call to order. Item No. 1 City Secretary's use only City of Anna City Council Agenda Staff Report Staff Contact: Philip Sanders Date Prepared: 8-02-12 Exhibits: ❑Yes ❑ No HOMETOWN Council Meeting: August 7, 2012 Item No. 2 City Secretary's use Only City of Anna City Council Agenda Staff Report Staff Contact: Philip Sanders Account Code #: N/A Date Prepared: 8-02�12 Budgeted Amount: N/A Exhibits: ❑ Yes ❑ No AGENDA SUBJECT: Roll Call and Establishment of Quorum. SUMMARY: RECOMMENDATION: Item No. 3 City Secretary's use only City of Anna City Council Agenda Staff Report Council Meeting: August 7, 2012 Staff Contact: Philip Sanders Account Code #: N/A Date Prepared: 8-02-12 Budgeted Amount: N/A Exhibits: ❑Yes ❑ No AGENDA SUBJECT: Discussion regarding Proposed 2012-2013 FY Budget. RECOMMENDATION: YtOUR}HOMETOWN Council Meeting: 08/07/2010 Account Code #: N/A Budgeted Amount:. AGENDA SUBJECT: 2011-2012 Fiscal Year. N/A Item No. 4 City Secretary's use only City of Anna City Council Agenda Staff Report Staff Contact: Clayton Fulton Date Prepared: 08/02/2011 Exhibits: ❑Yes ❑ No Consider/Discuss/Action regarding a Proposed Tax Rate for SUMMARY: The following defmitions are provided from the "2011 Truth in Taxation Guide" available from the Texas Comptrollers Office: Effective tax rate The effective tax rate is a calculated rate that would provide the taxing unit with about the same amount of revenue it received in the year before on properties taxed in both years. If property values rise, the effective tax rate will go down and vice versa. Rollback tax rate The rollback rate is a calculated maximum rate allowed by law without voter approval The rollback rate provides the taxing unit with about the same amount of tax revenue it spent the previous year for day-to-day operations, plus an extra 8 percent increase for those operations, in addition to sufficient funds to pay debts in the coming year. If a unit adopts a tax rate higher than the rollback rate, voters in the unit can circulate a petition calling for an election to limit the size of the tax increase. Each year after properties are appraised by the Central Appraisal District the County calculates both the effective tax rate and the rollback tax rate for the City of Anna as part of the service to collect taxes for the City. This year the effective tax rate for the City is calculated at $0.646813 per $100 valuation of property. This rate will produce approximately the same amount of revenue from properties taxed in both years as was collected last year when the tax rate was $0.650332 per $100 valuation. The effective tax rate is lower than the current rate because the value of properties taxed in both years has increased. If the Council believes the City can fund next year's budget with the effective tax rate and does not intend to propose a tax rate above the effective rate, no action is required by the City until after it adopts the Item No. 4 City Secretary's use only Budget in September. The proposed budget is supported by a tax rate identical to the current rate A $0.650332 which is higher than the effective rate of $0.646813. If the Council intends to adopt a tax rate that exceeds the effective rate, the Council must vote to propose a tax increase at this meeting and set the times and places for the two required public hearings. The council must vote on a specific tax rate that is the highest rate that can be adopted after the required public hearings. The Council can adopt any rate lower than the rate voted on tonight, but not higher. The City must publish two'1/4 page advertisements in the City's newspaper and a quorum of the Council must be present to hold the two public hearings before the tax rate can be adopted which will occur after the budget is adopted. The Rollback rate this year is $0.691646 per $100 valuation of property. If the Council adopts a tax rate above the Rollback rate the citizens can petition for a roll back election to lower the rate adopted to the Rollback rate and that would delay collection of taxes or require a refund to be paid to each taxpayer. This year each $0.01 increase in the tax rate generates approximately $37,653 in property taxes. RECOMMENDED ACTION: Staff recommends that the Council adopt a tax rate no higher than the current rate of W.650332 cents per $100 valuation. CITY OF ANIMA, TEXAS RESOLUTION NO. A RESOLUTION OF THE CITY OF ANNA, TEXAS NAMING THE MAXIMUM 2012 AD VALOREM TAX RATE WHEREAS, The City Council (Council) of the City of Anna (The City) recognizes that the FY 13 Proposed Budget is supported by a tax rate of $.0650332 WHEREAS, The Council recognizes that the proposed tax rate is identical to the current rate of $0.650332 WHEREAS, The proposed rate of $0.650332 exceeds the effective rate of $0.646813 WHEREAS, The council wishes to comply with Truth in Taxation Requirements NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS THAT: Section 1. Recitals Incorporated The recitals set forth above are incorporated herein for all purposes as if set forth in full. Section 2. MAXIMUM 2012 AD VALOREM TAX RATE The Council hereby sets $0.650332 as the maximum ad valorem tax rate for 2012. PASSED AND APPROVED by the City Council of the City of Anna, Texas on this 7th day of August, 2012. APPROVED: Mike Crist, Mayor ATTEST: Natha Wilkison, City Secretary Res. 2011-07-11 Pub. Hearing on FY 12 Budget PAGE 1 OF 1 07-26-11 HOMETOWN Council Meeting: August 7, 2012 Account Code #: N/A Budgeted Amount: Item No. 5 City Secretary's use only City of Anna City Council Agenda Staff Report Staff Contact: Clayton Fulton Exhibits: ❑Yes Q No AGENDA SUBJECT: Consider/Discuss/Action approving a Resolution setting the date and time for a Public Hearing on the proposed FY 2012-2013 City of Anna Budget. SUMMARY: Staff recommends that 6:30 p.m. on August 21, 2012 at Anna City Hall be named as the setting, date, and time for the first public hearing on the tax rate and 7030 p.m. on August 28, 2012 at the Anna City Hall as the setting, date, and time for the second public hearing on the tax rate. RECOMMENDATION: Staff recommends that the Council approve the resolution. CITY OF ANNA, TEXAS A RESOLUTION OF THE CITY OF ANNA, TEXAS NAMING THE DATE AND PLACE OF A PUBLIC HEARINGS ON THE 2012 AD VALOREM TAX RATE WHEREAS, Texas Tax Code § 26.05(d) states that the governing body of a taxing unit may not adopt a tax rate that exceeds the lower of the effective rate and rollback rate until the governing body of the taxing unit has held two public hearings on the proposed tax rate WHEREAS, the City Council has voted to propose maximum ad valorem tax rate of $0.650332 NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS THAT: Section 1. Recitals Incorporated The recitals set forth above are incorporated herein for all purposes as if set forth in full. Section 2. Date of Public Hearing and Publication of Notice The Council hereby sets August 21, 2012 at 6:30 p.m. and August 28, 2012 and 7:30 p.m. as the date and time for the public hearings on the 2012 Tax Rate, said hearings to be held in the City Council Chambers of the Municipal Building located at 111 N. Powell Parkway in Anna, Texas. The Council further directs that notice of the time and place of the public hearings be published in the official newspaper of the City as required in Section 7.05 of the Charter. PASSED AND APPROVED by the City Council of the City of Anna, Texas on this 7th day of August, 2012. Mike Crist, Mayor Natha Wilkison, City Secretary Res. 2011-07-11 Pub. Hearing on FY 12 Budget PAGE 1 of 1 07-26-11 R� Council Meeting: August 7, 2012 Account Code #: N/A Budgeted Amount: N/A AGENDA SUBJECT: Adjourn. SUMMARY: Item No. 6 City Secretary's use only City of Anna City Council Agenda Staff Report Staff Contact: Philip Sanders Date Prepared: 8-02-12 Exhibits: ❑Yes ❑ No RECOMMENDATION: Staff recommends a motion to adjourn.