HomeMy WebLinkAboutAgenda CC 08.28.2012 WorkshopNotice of Meeting of the
Governing Body of the
City of Georgetown, Texas
AUGUST 28, 2012
The Georgetown City Council will meet on AUGUST 28, 2012 at 4:00 P.M. at the Council Chambers at 101
E. 7th Street, Georgetown, Texas
If you need accommodations for a disability, please notify the city in advance.
Policy Development/Review Workshop -
A Public Hearing on the proposed 2012 Property Tax Rate -- Micki Rundell, Chief Financial Officer
Executive Session
In compliance with the Open Meetings Act, Chapter 551, Government Code, Vernon's Texas Codes,
Annotated, the items listed below will be discussed in closed session and are subject to action in the regular
session.
B Sec. 551.071: Consultation with Attorney
- Advice from attorney about pending or contemplated litigation and other matters on which the
attorney has a duty to advise the City Council, including agenda items
- Rivery Update
- LCRA Update
Adjournment
Certificate of Posting
I, Jessica Brettle, City Secretary for the City of Georgetown, Texas, do hereby certify that this Notice of
Meeting was posted at City Hall, 113 E. 8th Street, a place readily accessible to the general public at all
times, on the _____ day of _________________, 2012, at __________, and remained so posted for at least
72 continuous hours preceding the scheduled time of said meeting.
__________________________________
Jessica Brettle, City Secretary
City of Georgetown, Texas
August 28, 2012
SUBJECT:
Public Hearing on the proposed 2012 Property Tax Rate -- Micki Rundell, Chief Financial Officer
ITEM SUMMARY:
The Texas Tax Code requires the City Council to hold two public hearings on the proposed tax rate prior to
adoption if the proposed rate exceeds the current effective tax rate.
The 2012 proposed tax rate of $0.4100 exceeds the effective rate of $0.39752 by 3.14%.
The 2012/13 Proposed Annual Budget is based on $0.39750, which is slightly less than the effective
rate. The proposed rate of $0.4100 will generate approximately $420,000 of additional General Fund
revenue. Appropriations have not been increased in the 2012/13 Proposed Annual Budget.
Possible for the additional funds include cash funding the purchase of public safety equipment and vehicles,
more comprehensive implementation of market salary adjustments recommended out of the recent
compensation study, and/or additional funding for downtown and parks improvements. The options will be
presented to Council as part of the hearing, but actual budgetary appropriation would be in December or
January.
The Council is not required to adopt this rate; however, this is the maximum rate the Council may consider.
An overview of the tax calculation and related General Fund revenue and expenditure information will also
be provided at the hearing and was previously reviewed by City Council at the July 23 and July 24 Council
workshops.
The proposed 2012/13 Annual Budget workbook is available for public review at the Public Library, located
at 402 West 8th Street or at City Hall located at 113 E. 8th Street. The information is also available on the
City’s website.
SPECIAL CONSIDERATIONS:
This public hearing and the hearing scheduled for Thursday, September 6 fulfill the requirements of the
Texas Local Government Code, Section 102.006 providing for public comment on the proposed 2012/13
Annual Budget and for adoption of the City’s 2012 tax rate. Both are scheduled for first reading at the
September 11, 2012 regular Council meeting.
FINANCIAL IMPACT:
The proposed 2012/13 Budget is $189.8 million as reviewed with at the Council at the July 23 & 24, 2012
meeting. This budget also includes certificates of obligation bond issue for internal service fund equipment
and transportation improvements, as well as General Obligation debt issuance for the Public Safety Facility
that was approved by the voters May 2011 and parkland acquisition that was approved by the voters in 2008.
SUBMITTED BY:
Cover Memo
Item # A
City of Georgetown, Texas
August 28, 2012
SUBJECT:
Sec. 551.071: Consultation with Attorney
- Advice from attorney about pending or contemplated litigation and other matters on which the attorney has
a duty to advise the City Council, including agenda items
- Rivery Update
- LCRA Update
ITEM SUMMARY:
FINANCIAL IMPACT:
SUBMITTED BY:
Cover Memo
Item # B
