Page 60 - CityofBurlesonFY25AdoptedBudget
P. 60

2024-25  Tax and Budget Preparation Calendar

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                                                        calculation forms.   Post completed forms prominently on the
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                                                        homepage of the City’s website.
                                                        Finance Committee Meeting – Prior to Council work session
         August 7, 2024                   Wednesday
                                                        discuss with the Finance Committee the proposed budget.
                                                        Special session - Council work session to discuss budget.  CMO
                                                        budget presentation to Council.  City Council resolution
                                                        proposing a tax rate for the 2024 tax year with a record vote.
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                                                        City Council minute order setting the date and time of the
         August 12, 2024                   Monday
                                                        public hearings on the proposed 2024 tax rate and FY24-25
                                                        budget.  Send notice of tax rate information to both Tax ACs
                                                        and update Tax AC database pursuant Texas Tax Code Section
                                                        26.17(e).

                                                        Finance staff verifies that both Tax ACs have updated their
         August 16, 2024                    Friday      databases pursuant to Texas Tax Code Section 27.17(f) and
                                                        delivered the tax estimate notices under Tax Code Sec. 26.04(e-2).

                                                        Publish Notices for Public Hearing on tax rate and budget in the
                                                        newspaper. Post tax rate public hearing notice prominently on the
         August 22, 2024                   Thursday
                                                        City’s home page of website and on public access channel until
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                                                        public hearing concluded.  Public hearing on the budget is on 09/03.
                                                        Special session - City Council meeting. Public hearings on
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                                                        budget  and tax rate .  First reading of ordinances to approve
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                                                        the budget and tax rate.  Budget should be approved first and
                                                        must be by record vote.  See endnotes for specific requirements
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                                                        for adopted budget cover page.   Specific language is required
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                                                        to move to adopt the tax rate.   The vote on the ordinance
                                                        setting the tax rate must be a record vote and must be approved
                                                        by at least 60 percent (if above the no new revenue rate) of the
         September 3, 2024                 Tuesday      members of the City Council.  The City Council must
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                                                        separately approve the maintenance and operations component
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                                                        and the debt service component of the tax rate.  Council must
                                                        announce date and time of final ordinance reading of tax rate
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                                                        ordinance.   Additional items will be the first readings of the
                                                        ordinances for accepting the tax rolls, homestead exemption, fee
                                                        schedule, water rate, solid waste rate. Additionally, there should
                                                        be minute orders ratifying the 4A and 4B actions adopting their
                                                        budgets.
                                                        Regular session - Final reading of ordinances to approve the
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                                                        budget and tax rate.   Budget should be approved first and
                                                        must be by record vote.    See endnotes for specific
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                                                        requirements for adopted budget cover page.  Specific
                                                        language is required to move to adopt the tax rate. Minute
         September 9, 2024                 Monday
                                                        order ratifying the budget should follow the ordinance vote.
                                                        Additional items will be the final readings of the ordinances for
                                                        accepting the tax rolls, homestead exemption, fee schedule,
                                                        water rate, solid waste rate. Also, a resolution adopting the
                                                        employee handbook and benefits.
                                                        Post tax rate, budget, and record vote approving tax rate to website
         September 9, 2024                 Monday
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                                                        after adoption.  Notify both Tax ACs of the tax rate adopted.
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