Page 22 - Forest Hill FY21 Annual Budget

Fore;)Hill

CITY OF FOREST HILL/ TAX CALENDAR FY 2020 - 2021
Apr il l, 2020
Finalize budget calendar
May l, 2020
Chief Appraiser sends notice of2020 preliminary appraised values
May 18, 2020
Distribute budget instructions to Depa11ments
Distribute survey for priority list of expenditures
May 22, 2020
Finance completes preliminary proposed FY 2020-2021 revenue estimates
May 29, 2020
Human Resources completes salaty worksheet
Department heads submit supply and contract budget lines and other budget requests to Finance Department
June l - 15, 2020
Schedule meetings-City Manager with Depa11ment heads on proposed 2020-2021 budget
June 15, 2020
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Receive retirement rates from State of Texas & benefit rates fom HR
June 22, 2020
Finance Depaitment submits preliminaiy proposed budget to City Manager
July 27, 2020
Chief Appraiser delivers 2020 certified appraisal to City of Forest Hill
July 30, 2020
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Receive health insurance rates fom Human Resources
July 31, 2020
Finance Depa11ment submits proposed budget to City Manager and City Secreta1y including update for insurance
rates and revenue estimates
August 4, 2020
City Council Budget Work Session and Meeting to discuss proposed budget and tax rate
August 14, 2020
Posting of proposed budget on City website
August 18, 2020
City Council Budget Work Session to discuss tax rate
City Council announces the date, time and place of vote on proposed tax rate to be September 15th
August 21, 2020
Publish 1st quaner page Notice of Tax Revenue Increase (at least 7 days before public heating) (I)
September l, 2020
Public hearing of City Council proposed FY 2020-2021 Budget
September 4, 2020
Publish 2nd quarter page Notice of Tax Revenue Increase (at least 7 days before public hearing) ( l)
September 15, 2020
Public hearing if proposed tax rate exceeds the effective or rollback tax rate (whichever is lower)
City Council adopts proposed FY 2020-202 l Budget
City Council adopts proposed tax rate
City Council ratifies prope1ty tax revenue increase effected in the budget Local Government Code 102.007 c
October l, 2020
The Tarrant County Tax Assessor prepares and mails tax bills

(I) If proposed tax rate exceeds the effective or rollback tax rate

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