Page 53 - FY 2021-22 ADOPTED BUDGET

July 25 City receives final assessed valuation totals from Tarrant Appraisal District (TAD).

August 5 City Council accepts the 2021 Certified Appraisal Rolls, sets anticipated Property Tax
Collection Rate, and appoints the Finance Director to calculate and publish the No-New-
Revenue Tax Rate and the Voter-Approval Tax Rate.

August 5 Proposed Budget is presented by City Staff to City Council in a work session open to the
public and City Council holds work session on the 2021-22 Budget.

August 12 Notice of the Public Hearing on the Proposed Budget and Proposed Tax Rate are published
in the official newspaper. Summaries of the Proposed Budget and Notice of No-New-
Revenue and Voter-Approval Tax Rates are published.

August 12 Finance Director publishes the No-New-Revenue and Voter-Approval Tax Rates in the official
newspaper.

August 12 Notice of the Public Hearing on the Proposed Budget and Proposed Tax Rate are published
in the official newspaper. Summary of the Proposed Budget and Notice of No-New-Revenue
and Voter-Approval Tax Rates are published. Information is posted on the City’s website.

August 19 Public Hearing is conducted on the Proposed Budget and Tax Rate (Copies of a Budget
Summary are made available to all attendees). Tax Rate is Adopted.

August 26 Notice of the Public Hearing on the Proposed Budget is published in the official newspaper.
Information is posted on the City’s website.

September 2 Public Hearing is conducted on the Proposed Budget (Copies of a Budget Summary are made
available to all attendees).

September 9 Notices of the Adoption of the 2021-22 Budget Ordinance is published in the official
newspaper. Summary of the Proposed Budget is available on City’s website.

September 16 City Council adopts the 2021-22 Budget.

December 3 Copies of the Budget Document are presented to City Council.

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