Page 23 - Forest Hill FY22 Annual Budget

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CITY OF FOREST HILL/ TAX CALENDAR FY 2021 - 2022
April 1, 2021
Finalize budget calendar
May 3, 2021
Chief Appraiser sends notice of 2021 preliminary appraised values
May 12, 2021
Distribute budget instructions to Departments
Distribute survey for priority list of expenditures
May 24, 2021
Finance completes preliminary proposed FY 2021-2022 revenue estimates
May 27, 2021
Human Resources completes salary worksheet
Department heads submit supply and contract budget lines and other budget requests to Finance Department
June I - 15, 2021
Schedule meetings-City Manager with Department heads on proposed 2021-2022 budget
June 10, 2021
Receive retirement rates from State of Texas & benefit rates from HR
June 21, 2021
Finance Department submits preliminary proposed budget to City Manager
July 27, 2021
Chief Appraiser delivers 2021 certified appraisal to City of Forest Hill
July 30, 2021
Receive health insurance rates from Human Resources
July 30, 2021
Finance Department submits proposed budget to City Manager and City Secretary including update for insurance
rates and revenue estimates
August 3, 2021
Deliver notice of effective and rollback tax rate to local newspaper.
Public Hearings to occur August 17 and September 07
Publish Notice (72 hours) - City Council budget work session to discuss proposed tax rate and tax record vote if
proposed tax rate will exceed the effective or rollback tax rate (whichever is lower)
August 9, 2021
Posting of proposed budget on City website
Publish 1st quarter page Notice ofTax Revenue Increase (at least 7 days before public hearing) (1)
August 17, 2021
City Council Budget Work Session to discuss tax rate
I st Public hearing if proposed tax rate will exceed the effective or rollback tax rate (whichever is lower)
City Council announces the date, time and place of vote on proposed tax rate to be September 7
August 23, 2021
Publish 2nd quarter page Notice of Tax Revenue Increase (at least 7 days before public hearing) (I)
September 7, 2020
Public hearing of City Council proposed FY 2021-2022 Budget
September 21, 2021
Public hearing if proposed tax rate exceeds the effective or rollback tax rate (whichever is lower)
City Council adopts proposed FY 2021-2022 Budget
City Council adopts proposed tax rate
City Council ratifies property tax revenue increase effected in the budget Local Government Code I 02.007 c
October I, 2021
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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