HomeMy WebLinkAboutAgenda CC 08.06.2019 WorkshopN otice of M eet ing of the
Governing B ody of the
C ity of Georgetown, Texas
August 6 , 2 0 1 9
The G e orgetown City Council will meet on August 6, 2019 at 3:00 P M at City Co uncil Chambers, 510
W 9th Stre e t Georgetown, TX 78626
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R E V I S E D A G E N D A
Policy De ve lopme nt/Re vie w Workshop -
A Review and discuss process to fill vac ated District 1 Council seat -- M ayo r Dale Ross
B Workshop o verview and discussio n re garding the FY2020 City of G e orgetown Budget and Tax
Rate -- David S. Morgan, City M anage r
Le gislative Re gular Age nda
C Co nsideratio n and possible action to set the maximum tax rate and adopt the pro posed 2019
(F Y2 02 0) pro perty tax rate on a future agenda -- Leigh Wallace, Finance Director
D Co nsideratio n and possible action to set the dates for two public he arings o n the proposed 2019
(F Y2 02 0) pro perty tax rate -- Leigh Wallace, Finance Director
Adjournme nt
Ce rtificate of Posting
I, R o b yn Dens mo re, C ity S ec retary fo r the C ity of G eorgetown, Texas , d o hereb y certify that
this No tic e of Meeting was posted at C ity Hall, 808 Martin Luther King Jr. S treet,
G eorgeto wn, T X 78626, a p lace readily ac ces sible to the general pub lic as required by law, on
the _____ day of _________________, 2019, at __________, and remained s o posted for
at leas t 72 c ontinuous ho urs p receding the s ched uled time o f said meeting.
__________________________________
R o byn Dens more, C ity S ecretary
Page 1 of 72
City of Georgetown, Texas
City Council Special M eeting
August 6, 2019
S UBJEC T:
Review and discuss pro cess to fill vacated District 1 Co uncil seat -- Mayor Dale Ro ss
I T E M S UMMARY:
F I NANC I AL IMPAC T:
n/a
S UBMI T T ED BY:
R LD for Mayo r Ross
Page 2 of 72
City of Georgetown, Texas
City Council Special M eeting
August 6, 2019
S UBJEC T:
Workshop overview and discussion regarding the F Y2 02 0 City of Georgetown Budge t and Tax Rate -- David S. Morgan,
City M anager
I T E M S UMMARY:
On Aug 6, city staff will pro vide an overview of the pro posed City of Georgetown F Y2 02 0 Budget and receive feedback
and direction from the City Council. This is a follo w-up sessio n to the J uly 17, 201 9 City Co uncil Workshops regarding
the City of Georgetown FY2020 budget considerations. Discussion on the 2019 tax rate will also occur, providing
direction to staff to finalize the F Y2020 Annual Budget.
The proposed FY20 20 Annual Budget will be filed with the Office of the City Sec re tary on Tuesday, J uly 30 and will
also be available on the City’s website for public review at the following location:
https://finance.geo rgeto wn.o rg/
https://records.geo rgeto wn.o rg/WebLink/Browse.aspx?id=5 44 241&dbid=0&repo=Ge orgetown
F I NANC I AL IMPAC T:
A financial overview will be included as part of the discussion.
S UBMI T T ED BY:
David S. Morgan, City Manager
AT TAC HMENT S :
Description
F Y2020 P ropos ed Bud get
Page 3 of 72
FY2020 Annual Budget
FY2020 BUDGET
AND FIVE YEAR CAPITAL IMPROVEMENT PLAN
August 6, 2019
Council Work Session
Page 4 of 72
FY2020 Annual Budget
Agenda
•Budget Development Themes
•Budget Process
•Proposed Budget Overview
•Council feedback
•Next steps
Page 5 of 72
FY2020 Annual Budget
BUDGET DEVELOPMENT
THEMES
Page 6 of 72
Fast Growth
•7th fastest growing city in the nation
•5th year to be in top 10
•Between 2013 and 2017, medical and fire
calls increased 56%.
•Population
–47,000 in 2010
–74,180 in 2018 (up 56.6%)
–96,500 by 20304
Page 7 of 72
FY2020 Annual Budget
Resident Feedback –On The Table
•Comprehensive Plan public input process
•Over 1,500 participants
–Public meetings, schools, chamber, etc
•Top theme –“Retain Small Town Charm”
Page 8 of 72
FY2020 Annual Budget
Resident Feedback –July 8 Town Hall
•Approximately 20 people
•In person quick survey –budget priorities
–Quality of Life enhancements
•Library, parks, pools, downtown parking
–Transportation
•On line survey –budget priorities
–300 responses
Page 9 of 72
FY2020 Annual Budget
Online Survey
Page 10 of 72
FY2020 Annual Budget
Retain small town charm while
addressing growth
•Themes to drive budget development
–Ensure safety and responsiveness
–Improve communication
–Maintain quality of life services
–Maintain and enhance service delivery/performance
management
•Cost effective
•Responsive and friendly
•Infrastructure that builds for the future
–Continue to strengthen financial condition
Page 11 of 72
FY2020 Annual Budget
BUDGET FOCUS AND FUNDING
Page 12 of 72
FY2020 Annual Budget
Budget Process To Date
•Council budget workshops
–Public safety staffing & equipment, capital
improvement projects, debt forecasting, revenue
forecasting, citywide growth pressures, street
maintenance
•Budget Town Hall –July 8th
•Draft Budget Review –July 17th
Page 13 of 72
FY2020 Annual Budget
Budget Revenue Assumptions
•Tax rate –$0.42 (same as FY19)
–3.6% over the effective rate
–Shape debt/infrastructure plan to stay within
current tax rate
•Continued growth of 6.7% in sales tax and 3-
4% growth in utility revenues
•No rate increases for water, sewer, electric,
drainage rates
•$0.75 monthly residents sanitation rate
increase due to TDS contract cost increase
Page 14 of 72
FY2020 Annual Budget
Public Safety Investments
•Public Safety Staffing –patrol, CID detective,
and communications staffing; fire inspections
•Opening Fire Stations 6 & 7
–Operational costs
–Staffing costs continue to be partially funded
through SAFER grant
•Fire and Emergency Management equipment
and software
Page 15 of 72
FY2020 Annual Budget
Improve Communications
•Director of Communication and Public
Engagement
–Recommendation from communications audit
–Also includes contract support
–Goal of increasing citizen satisfaction (currently
42% satisfaction with city communications)
Page 16 of 72
FY2020 Annual Budget
Maintain Service Levels
•Increase staffing in various areas experiencing
growth
–Code enforcement
–Visitors Center
–Purchasing
–Library temp staffing support
Page 17 of 72
FY2020 Annual Budget
Progress of Current Initiatives
•Continue to support the Workday Project
–Human resources and financial system backbone
–Over 10 year investment
–implementation through staffing contracts and
employee resources
•Enhance existing software programs
–Customer care, asset management, records
management
Page 18 of 72
FY2020 Annual Budget
Progress of Current Initiatives
•Measure and transform our work to improve
service delivery
–Performance Management Program (PMP) manager
–Business Improvement Program (BIP) manager
–Training coordinator in human resources
–Contracts manager –provide review and
accountability for contracts –MUDS, etc
Page 19 of 72
FY2020 Annual Budget
Risk Management Initiatives
•Complete installation of a backup data center
•Fiber and server expansion for critical systems
•Cybersecurity training for all staff
Page 20 of 72
FY2020 Annual Budget
Reorganization to Improve Service
Delivery
•Staffing/Reporting structure change to address
management focus
–Enhance planning and focus on Electric and
Water/Wastewater
•Reclass General Manager/Assistant City Manager position to
Electric General Manager
•Reclassify Utility Director position to Director of Water
Utilities
–Enhance service intensive areas by adding Director of
Community Services to oversee “high touch” areas
•Animal Services, Code Enforcement, and Emergency
Management
Page 21 of 72
FY2020 Annual Budget
Reorganization to Improve Service
Delivery
•Staffing/Reporting structure to change to address
management focus
–Move GUS administrative staff to report to various
directors
–Move technical cost center in GUS (business services
and Geographic Information Systems) to report to
Information Technology Director
–Customer Care –report to ACM over support areas
–Engineering –report to ACM over development
Page 22 of 72
FY2020 Annual Budget
Reorganization to Improve Service
Delivery
•Enhance Human Resources to “Human Resources
and Organizational Development”
–Include safety, support, training, performance
management and process improvement
–Build culture of continuous improvement
•Move utility analyst functions to Finance
–Provide clarity and consistency for forecasting,
financial analysis, budget, and reporting
Page 23 of 72
FY2020 Annual Budget
Reorganization
•Meets goals of city management for FY2020
and beyond
–Enhance service delivery
–Focus on performance management
–Provide ways for leadership and employees to
grow
–Financially feasible
Page 24 of 72
FY2020 Annual Budget
Page 25 of 72
FY2020 Annual Budget
Summary –Budget Development
•Theme of retaining small town charm and
ensure high service levels during a time of
continued fast growth
•15.5 new positions
–2019: 30 FTE
–2018: 20 FTE
Page 26 of 72
FY2020 Annual Budget
Assumptions across all funds
•Salary increases budgeted on average of 3%, but will
be allocated based upon merit ratings
–Slightly less than national
averages for 2018 and 2019
•Market study conducted
each year for all positions
-117 benchmarked titles reviewed
-29% of positions below market
-Appx 140 employees affected
Page 27 of 72
FY2020 Annual Budget
Investing in New Infrastructure
•GCP -$18.6M
–Roads –$10.6M
–Facilities -$800K
–Fleet -$3.2M
–Public Safety –$1.4M
–Parks -$2.5M
•Water/Wastewater -$35.6M
•Electric -$4.01
•Airport -$880K
•Stormwater -$1.2M
•$60.2 million in total capital investment
Page 28 of 72
FY2020 Annual Budget
GENERAL FUND
Page 29 of 72
FY2020 Annual Budget
Where the Money Comes From/Goes
General Fund
Page 30 of 72
FY2020 Annual Budget
General Fund -FY2020
•Revenue Assumptions
–Sales tax 6.7% increase; $17.8 million
•Continued strong growth in the core sectors of retail,
food, information, and manufacturing. Core sectors
(existing) growth is projected to increase 4.2%
•New development like Wolf Crossing, Holt Cat and
Academy Sports & Outdoors
–Conservative budgeting only recognizes 62.5% of anticipated
new revenue. In total, new development accounts for 2.5% of
revenue increases.
Page 31 of 72
FY2020 Annual Budget
Property Tax Revenue –FY2020
•General Fund (Operations & Maint)
•$13.88M in FY2019
•$14.8M in FY2020
•6.63% increase
•Debt Ser vice Fund (Interest & Sinking)
•$15.375M in FY2019
•$17M in FY2020
•10.57% increase
Page 32 of 72
FY2020 Annual Budget
Tax Rate for FY2020 Budget
•Property Tax Valuations:
–Total assessed valuation is certified at $8.6 billion, which is an overall
increase of 8.16% increase over last year
•New value represents $345M, which is an increase of
38%
•Commercial growth of $47M
•Existing property increased 4.7% over last year
•The average taxable home value is $285,357. This is an
increase of $7,244 (2.6%) over the past year
Page 33 of 72
FY2020 Annual Budget
Tax Rate for FY2020 Budget
•The proposed tax rate is $0.420000 per $100 valuation, the
same rate as FY2019. This is a 3.6% increase over the effective
rate.
•The effective tax rate is $0.413261, which represents the rate
that would be needed to produce the exact same revenue as
the previous year.
•The rollback rate is $0.430202. If the City Council chose to
adopted the rollback rate $650k additional dollars would be
generated in the General Fund
Page 34 of 72
FY2020 Annual Budget
Tax Rate for FY2020 Budget
•At the proposed tax rate of $0.42, the estimated tax
increase for the average homeowner (on a $285,357
taxable value) would be $30.42 annually or a 2.6%
increase.
•This tax rate includes necessary funding for proposed
operations and payment of debt.
Page 35 of 72
FY2020 Annual Budget
Return on Investment (ROI) Revenue
•ROI: 10.75% increase from FY2019 projection
due to electric ROI lessen in FY2019. FY2020 ROI
totals $8.06 million
–Water ROI is $4.5 million
–Stormwater ROI is $260,000
–Electric ROI totals $4.5 million (Reduction of $1
million less than the fiscal policy)
Page 36 of 72
FY2020 Annual Budget
Electric Return On Investment
•ROI is established through the City’s Fiscal and
Budgetary Policy and is a common practice among
municipally owned utilities
•The ROI is factored into the rate making process
for utility rates
–Utility rates are established to cover costs and future
investments and a “profit margin” is not considered
•While some think of the ROI as a “dividend” for
ownership it could also be considered a payment
in lieu of taxes since property is not being taxed
Page 37 of 72
FY2020 Annual Budget
Sanitation Revenue
•Sanitation increase 7.2%; $10.1 million
•TDS Contract established in 2018 (5 yr. term)
–Increase request provided in the contract based on cost
indexes
•No increase requested in FY2019
•4% contract cost increase requested by TDS for FY20
–Contract provides weighted average of 5 indexes, including
CPI, cost of diesel, labor costs
–Calculation per contract would allow up to 7% increase for
period Jan 2017-Jan 2019
–Increase of 4% across all rate classes
–$0.75 increase per month for residential customers
Page 38 of 72
FY2020 Annual Budget
Contract Index Summary
Index
Weight
%2017 2019 % change
PPI Diesel 6.00%204.6 272.5 1.991%
Core CPI 17.00%251.143 261.114 0.675%
PPI truck bodies 10.00%236.0 255.2 0.814%
Service Labor 38.00%128.2 135.5 2.164%
PPI Ind. Truck 29.00%241.0 256.3 1.841%
7.485%Actual %
Page 39 of 72
FY2020 Annual Budget
Other Revenue
•Planning and Development fees total $3.5
million.
•Parks and Recreation Fees total $2.8 million, a
4.6% increase over projections.
•Emergency Services District 8 totals $3.7
million and SAFER grant totals $666K
Page 40 of 72
FY2020 Annual Budget
FY2020 Revenue/Expenses –General
Fund Summary
•Revenues
–Total revenues projected to be $75.5 million, 6%
higher than FY19 projections
–Total expenses projected $75.4 million, an increase
of 6.7% over FY19 projections
•Lower than the combination of population increase and
CPI increase = 8%
–Contingency reserves increase $1.2M to $11.2M
Page 41 of 72
FY2020 Annual Budget
General Fund -FY2020
•Police
–2 communications operators: $130,600
–1 Community Engagement Officer: $107,800
–1 cyber crimes Detective: $107,800
•Code Enforcement
–1 Code Enforcement Officer: $91,400
•Fire
–Fire protection engineer and equipment: $101,316
Page 42 of 72
FY2020 Annual Budget
General Fund -FY2020
•Fire
–Emergency management equipment: $37,705
–Station #2 filtration system $65,000
•Inspections
–Salary progression program to retain employees
$28,000
•Communications and Engagement
–Director position for strategic planning: $115,300
Page 43 of 72
FY2020 Annual Budget
General Fund -FY2020
•Communications and Engagement
–Public information contracted services: $84,000
–Monthly Advertising in Periodical: $25,500
–Direct mail campaign: $27,900
•Public Works
–Re -org one Admin Assistant from GUS
–Ride share pilot phase II $50,000
–GoGeo paratransit $52,000
Page 44 of 72
FY2020 Annual Budget
General Fund -FY2020
•Community Services Director
–New division will include the areas of code
enforcement, animal services, and emergency
management. A new director position will support
these customer centric areas.
•Library
–Increased funding for temp salaries to cover shifts
for regular staff $26,913
–Outreach Van -The Friends of the Georgetown
Public Library
Page 45 of 72
FY2020 Annual Budget
General Fund -FY2020
•Parks and Recreation
–Increases for revenue based programs
–Additional funding for maintenance/equipment
replacement plan at $97,000 (transfer to special
revenue fund)
•Planning department
–Variances due to staffing turnover; comp plan
project costs
–Requested $25,000 to complete comp plan update
Page 46 of 72
FY2020 Annual Budget
General Fund -FY2020
•City Secretary
–Records retention software licenses $10,000
•Administrative Services
–MUD and PID contract management coordinator
$70,000
–Re -org administrative assistant from GUS
Page 47 of 72
FY2020 Annual Budget
ELECTRIC AND WATER FUNDS
Page 48 of 72
FY2020 Annual Budget
Electric Fund –FY2020
•Operating revenues totals $91.4 million.
–Includes full year impact of the current PCA
•Operating expenses total $84.5 million.
–Net Purchased Power at $59.5 million.
•Non operating revenues total $4.01 million of
bond proceeds for capital improvements.
•Non Operating expenses total $8.1 million for
capital improvements and debt service.
•Proposed enhancement: control center operator
(cost split with water fund)
•Projected ending fund balance of $8.7 million by
end of FY2020.Page 49 of 72
FY2020 Annual Budget
Electric Fund –FY2020
•Current Action Steps
–Outsourcing management of energy portfolio.
–Development of a comprehensive risk management
policy.
–Provide additional support and oversight through
management review of energy strategies.
–Staffing of a general manager dedicated to the
electric utility.
Page 50 of 72
FY2020 Annual Budget
Water Fund
FY2020
•Operating revenues totals $63.2 million.
•Operating expenses total $40.4 million.
•Non operating revenues total $18.6 million of bond
proceeds for capital improvements.
•Non Operating expenses total $87.1 million for capital
improvements and debt service.
–Several large FY2019 CIP projects are re-appropriated in FY2020
include Berry Creek interceptor and the Lake Water Plant
•Proposed enhancements total $141,850 for utility truck and
skid steer with trailer.
•Projected ending fund balance of $21.8 million by end of
FY2020.
Page 51 of 72
FY2020 Annual Budget
AIRPORT AND STORMWATER
FUNDS
Page 52 of 72
FY2020 Annual Budget
Airport
FY2020
•Operating revenues totals $3.8 million.
•Operating expenses total $3.6 million.
•Non operating revenues total $750,000 of bond
proceeds for an airport storage facility.
•Non Operating expenses total $1.06 million for capital
improvements and debt service.
•One time funds allocated for consulting to transition
the new airport management staff.
•Projected ending fund balance of $1.2 million by end of
FY2020.
Page 53 of 72
FY2020 Annual Budget
Stormwater
FY2020
•Operating revenues totals $3.7 million.
•Operating expenses total $2.8 million.
•Non operating revenues total $650,000 of bond
proceeds for curb and gutter improvements.
•Non Operating expenses total $1.69 million for capital
improvements and debt service.
•Proposed enhancements include $144,800 for mini
excavator and trailer.
•Projected ending fund balance of $1.3 million by end of
FY2020.
Page 54 of 72
FY2020 Annual Budget
CAPITAL IMPROVEMENT PLAN
Page 55 of 72
FY2020 Annual Budget
General Capital Projects
•Facilities CIP -$1,350,000
–GMC Remodel -$250,000
–Fuel Station -$1.1M
•$550K cash funded from Fleet Fund
•$550 is debt
•Roads -$10.6M
–Southwestern Blvd –Raintree to SE Inner Loop ($2.65MM)
–Leander Road –Norwood to SW Bypass ($3.2MM)
–Intersection Improvements ($1.4MM)
•Fleet -$3.2M
–Public Safety Vehicle Replacement –Fire ($2.2 Million)
–Public Safety Vehicle Replacement –Police ($740,200)
–New Public Safety Vehicles –Police ($246,000)
Page 56 of 72
FY2020 Annual Budget
General Capital Projects
•Public Safety –$1.4M
–Police Department -Body Cameras ($800,000)
–Fire Department -Cardiac Monitors ($225,000) &
SCBA Replacement ($290,000)
•Parks -$2.5M
–Regional Trail Development ($1,275,000)
–San Gabriel Park ($600,000)
–Neighborhood Park Development ($250,000)
Page 57 of 72
FY2020 Annual Budget
Airport
•Airport CIP -$880,000
–Airport Maintenance/Equipment Storage Facility
($750,000)
–Hangar Maintenance ($40,000)
–Pavement Maintenance ($10,000)
–Street Maintenance ($35,000)
–Wildlife Management ($45,000)
Page 58 of 72
FY2020 Annual Budget
Stormwater
•Stormwater CIP -$1.15M
–Curb and Gutter ($650,000)
–Drainage Improvements/Flood Mitigation Projects
($300,000)
–Stormwater Infrastructure ($200,000)
Page 59 of 72
FY2020 Annual Budget
Electric
•Electric CIP -$4.01M
•$3.5M related to new development
•Various Feeder and transformer improvements
•Continue system upgrades
Page 60 of 72
FY2020 Annual Budget
Water
•Water CIP –$18.6M
–Carriage Oaks Transmission ($500,000)
–CR262 Waterline ($500,000)
–Hoover Pump Station ($750,000)
–Lake Water Treatment Plant Raw Water Intake
Rehabilitation ($8M)
–Line Upgrades ($250,000)
–Round Rock Water Supply ($300,000)
–Round Rock Supply Pump Station and Ground Storage
Tank ($1,000,000)
Page 61 of 72
FY2020 Annual Budget
Water
–Southwest Bypass Water (H24-1) ($1,8M)
–Southside Water Treatment Plant Rehabilitation
($2.25M)
–Stonewall Ranch PS ($2.5M)
–Tank Rehabilitation ($750,000)
Page 62 of 72
FY2020 Annual Budget
Wastewater
•Wastewater CIP -$17M
–Berry Creek Interceptor ($10M)
–Edwards Aquifer Recharge Zone (EARZ) ($1.5M)
–Gatlin Creek/Teravista Improvements ($450,000)
–Lift Station Upgrades ($500,000)
–San Gabriel Interceptor ($2M)
–San Gabriel Wastewater Treatment Plant Rehab
($2.5M)
Page 63 of 72
FY2020 Annual Budget
SPECIAL REVENUE FUNDS /
INTERNAL SERVICE FUNDS
Page 64 of 72
FY2020 Annual Budget
Tourism/CVB
•Revenues total $1.5 million; same as 2019
•Expenses total $1.4 million; 7% increase
•Proposed enhancements total $106,786 which
include:
–Part Time staff for the Visitors Center
–Additional funding for Red Poppy for security, shuttle
service, and traffic control.
–Increase in funding for the Christmas Stroll.
–Funding for a community mural behind the Shotgun
House.
–Continue holiday lights at $60,000.
•Projected ending fund balance of $1.5 million by
end of FY2020.
Page 65 of 72
FY2020 Annual Budget
Street Maintenance Fund
•Revenues total $4 million.
•Expenses total $4.3 million.
•Projected ending fund balance of $750,000 by
end of FY2020.
Page 66 of 72
FY2020 Annual Budget
Joint Services –FY20
•Revenues total $17.8 million.
•Expenses total $18 million.
•Proposed enhancements total $493,091 which include:
–A Sr Buyer for the Purchasing Department.
–A PMP Manager and training for city-wide project managers.
–Water conservation software, home repair program, and a
Conservation Internship program.
–Software and network improvements for Infor EAM and ArcGIS
Utility.
–A Training and Development position for Human Resources.
–Contingency funding for an executive search.
•Projected ending fund balance of $1.3 million by end of FY2020.
Page 67 of 72
FY2020 Annual Budget
Budget Summary
•The all funds proposed budget totals $437.6
million which is a 3% decrease from the FY2019
amended budget. The primary factor to this
change is the timing of large capital projects
which includes a budget roll forward totaling
$50.5 million.
•While this budget focuses on managing growth
and services to maintain a high quality of life, an
emphasis remains on our small town charm and
building our fiscal strength
Page 68 of 72
FY2020 Annual Budget
NEXT STEPS
NEXT STEPS
Page 69 of 72
FY2020 Annual Budget
FY2020 Proposed Budget Calendar
•August 6: *SPECIAL MEETING*Set Maximum
Property Tax Rate and Public Hearing Dates
•Sep 3rd: *SPECIAL MEETING*1st public
hearing on tax rate; Budget public hearing
•Sep 10th: Normal Meeting: 2nd public hearing
on tax rate , 1st reading of the budget, 1st
reading of the tax rate
•Sep. 24th: Normal Meeting: 2nd reading of the
budget, 2nd reading of the tax rate
Page 70 of 72
City of Georgetown, Texas
City Council Special M eeting
August 6, 2019
S UBJEC T:
Consideration and po ssible action to set the maximum tax rate and adopt the propose d 20 19 (FY2020) property tax rate
on a future agenda -- Leigh Wallace, Finance Dire c to r
I T E M S UMMARY:
State law require s that all taxing jurisdictions partic ipate in the process of Truth-In-Taxation. W hen a proposed prope rty
tax rate exceeds the lower of 100 percent of the e ffe c tive rate or the rollback rate, the Co uncil must adopt a maximum
proposed tax rate that it will consider. State law re quires that the vote to adopt a propo sed maximum rate must be a ro ll
call vote, indicating any absences from the dais. Even though the Council votes to c onsider a proposed tax rate above the
effective rate, the Co uncil may, as a result of deliberations, adopt a tax rate at or be lo w the rate stated in the publishe d
notices.
The Effective Rate is $0.4 13 261. The Rollback Rate is $0 .43 0202. The proposed tax rate for 2 019 (FY2020) of
$0.420000 is greater than the Effective Rate. Therefo re, the City Council will publish notices and hold two public
hearings.
The language include d in this motion is required by State law.
Vote to set the maxi mum property tax rate of $0.42000 cents per $10 0 val uati on, equal i ng $0 .195472 cents for
Mai ntenance and Operati on and $0.224528 cents for Debt Servi ce, and adopt the tax rate as an acti o n i tem at the
September 10, 2019 Counci l meeti ng to be hel d at 6 p.m. at Ci ty Counci l Chambers, at 9th and M arti n Luther
Ki ng J r Stree ts, G eorg etow n, TX.
This is a record vote, meaning the voting record for this item will be published with the required notices. This item o nly
sets the item to be vo ted o n and does not commit Co uncil to adopting the proposed rate.
C O M M E N TS:
The Williamson Central Appraisal District (W CAD) certified the tax roll on J uly 1 8, 2 01 9.
F I NANC I AL IMPAC T:
N/A
S UBMI T T ED BY:
Leigh Wallace, Finance Director
Page 71 of 72
City of Georgetown, Texas
City Council Special M eeting
August 6, 2019
S UBJEC T:
Consideration and po ssible action to set the date s fo r two public hearings on the pro posed 20 19 (FY2020) property tax
rate -- Leigh Wallac e, Finance Director
I T E M S UMMARY:
State law require s that all taxing jurisdictions partic ipate in the process of Truth-In-Taxation. W hen a proposed prope rty
tax rate exceeds the lower of 100 percent of the e ffe c tive rate or the rollback rate, the Co uncil must adopt a maximum
proposed tax rate that it will consider and must ho ld two public hearings.
The Effective Rate is $0.4 13 261. The Rollback Rate is $0 .43 0202. The proposed tax rate for 2 019 (FY2020) of
$0.420000 is greater than the Effective Rate. Therefo re, the City Council will publish notices and hold two public
hearings.
The language in this mo tion is required by State law.
Set the date for 2 publ i c heari ngs on the prope r ty tax rate, as requi red by l aw, to be hel d on Tuesday, Septembe r
3 at 6:00 p.m. and on Tuesday, September 10 at 6:0 0 p.m. at Ci ty Counci l Chambers, at 9th and Marti n Luther
Ki ng J r Stree ts, G eorg etow n, TX.
F I NANC I AL IMPAC T:
N/A
S UBMI T T ED BY:
Leigh Wallace, Finance Director
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