Page 33 - Microsoft Word - Budget FY 19

CITY OF FOREST HILL

August 17, 2018
 Deliver 1st quarter page Notice of Public Hearing on Tax Increase to local newspaper
(1) if tax rate exceeds the effective or rollback tax rate (whichever is lower) and when
the City Council will announce the date, time and place of vote on proposed tax rate
(72 hour notice)
August 20, 2018
 Publish 1st quarter page ad Notice of Public Hearing on Tax Increase if proposed tax
rate exceeds the effective or rollback tax rate and when City Council will announce
the date, time and place of vote on proposed tax rate (72 hour notice); at least 7 days
before public hearing. (1)
August 28, 2018
st
 1 public hearing if proposed tax rate exceeds the effective or rollback tax rate
(whichever is lower)
 City Council announces the date, time and place of vote on proposed tax rate.
August 31, 2018
 Deliver 2nd quarter page Notice of Tax Revenue Increase to local newspaper (1)
September 4, 2018
 Publish 2nd quarter page Notice of Tax Revenue Increase (1)
September 7, 2018
 Notice 2nd public hearing if proposed tax rate exceeds the effective or rollback rate
(whichever is lower) and announce date, time and place of meeting of vote on the
proposed tax rate (72 hour notice)
September 11, 2018
nd
 2 public hearing if proposed tax rate exceeds the effective or rollback tax rate
(whichever is lower). A quorum of the City Council must be present.
 As required by State Law, City Council must announce the date, time and place of
meeting of the meeting at which it will vote on the tax rate
September 14, 2018
 Publish notice of public hearing on proposed FY 2018‐2019 budget, adoption of
proposed FY 2018‐2019 budget and adoption of proposed tax rate (72 hour notice)
September 18, 2018
 Public hearing of City Council proposed FY 2018‐2019 Budget

September 26, 2018
 City Council adopts proposed FY 2018‐2019 Budget
 After adopting the budget, as required by State Law, the Council takes a separate vote
to “ratify” the property tax revenue increase reflected in the budget.
 City Council adopts a tax rate
September 30, 2018
 The City must adopt its tax rate before this date, or 60 days after the City receives the
appraisal roll, whichever date is later
October 1, 2018
 The assessor prepares and mails tax bills

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