Page 25 - Haltom City Budget FY21

CITY OF HALTOM CITY annual BUDGET, FY2021 Introduction

Continue: CITY COUNCIL’S BUDGET (July to September)
August 10 Council Meeting At Regular Council Meeting, the City Council will discuss the tax rate
needed to support the Proposed Budget. If the Proposed tax rate
will raise more revenue than the preceding year, the Council must
vote on the proposed tax rate and schedule a Public Hearing.
Council must also schedule the public hearings for the Proposed
Budget

CCPD Public Hearing - City Council conducts a public hearing
to approve or reject the CCPD Proposed Budget. If rejected, the
Council and CCPD Board must meet together to amend and approve
the budget before the beginning of the fiscal year.

August 24 Council Meeting A Public Hearing will be held on the Proposed Budget and a Public
Hearing on the proposed Property Tax Rate. First reading of the
Budget Appropriations, Tax Rate, and other Rate Ordinances. The
tax rate can be adopted the same night as the public hearing, but the
tax increase vote cannot be held later than 7 days form the public
hearing. The Council must "ratify" the property tax increase reflected
in the budget when revenues raised are greater than the previous
year. A vote on the adoption of the budget must be a record vote.

August 31 Council Meeting Second reading of the Budget Appropriations, Tax Rate, and other
Rate Ordinances. This must occur no sooner than three and no more
than fourteen days from the August 24 meeting.

Other documents to be approved include:
• Authorized signatures designated.
• Investment policy approved.
• Fee Schedule approved.

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