Special Meeting City Council - 08 Aug 2026
6:58:42 So, in order to set the tax rate today, we're asking you to set a proposed tax rate and authorize a hearing uh to be held on the 14th.Play from 6:58:42
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6:58:42 So, in order to set the tax rate today, we're asking you to set a proposed tax rate and authorize a hearing uh to be held on the 14th.Play from 6:58:42
1:14:16 …but I can probably guarantee you based on the budget needs that are on there, if we just fund what we did last year with some few minor cuts, we are going to be at a very high tax rate, a very high increase for a given year and again, we are going to…Play from 1:14:16
1:40:35 We've anticipated property tax revenue that we expect to get in the general fund as a result of the certified tax roll. We would still direct $4.7 million to be added to housing's ongoing general fund budget for the local housing voucher program.Play from 1:40:35
1:40:35 We've anticipated property tax revenue that we expect to get in the general fund as a result of the certified tax roll. We would still direct $4.7 million to be added to housing's ongoing general fund budget for the local housing voucher program.Play from 1:40:35
2:07:41 …that would be called upon to contribute to all kids on a, An assessed value basis for city property. but that's not the end of the potential liability for the city, Mr.Play from 2:07:41
35:02 So utilizing our existing like if we were to keep the rate of 28.9 Cents and apply it to the values on the books in your packet, we would actually collect $267 thousand lower property tax revenue than we did this year if we utilize $97 percent tax rate we would collect 2.6 Million more than we have had this current year.Play from 35:02
4:35:09 …but we do have tough decisions, commissioner rodriguez, About the positions and the budget and the tax rate we are going to have to impose, and I'm going to put on record.Play from 4:35:09
6:10:15 It should have been passed out to you by the deis judge. Okay. Yeah. The ballot language for the tax rate election Proposal reads approving the advorum tax rate up to.25315 25315 per $100 valuation in the county of…Play from 6:10:15
8:16:44 …amazon builds that whatever the taxable value Of that is now, it will pay 100% of its property taxes to the Del valle independent school district.Play from 8:16:44
1:04:15 …economic development grant in an amount not to exceed $18,500,000, Consisting of one. an amount not to exceed $10 million for job relocation and or creation to an amount not to Exceed $7,500,000 in lieu of a real property tax abatement, and three an amount not to exceed $1 million to Reimburse actual permitting inspections and…Play from 1:04:15
1:55:46 …but I use that as an example of the tough decisions that I believe we need to get to. if we do this property tax increase, based on our own staff's financial analysis, all right, we are still going to have a general fund deficit of $155 million in…Play from 1:55:46
1:17:06 That's not going to be the tax rate either. So we pay down about $8 million of principal every year on the bonds. That almost takes care of the CO as far as the trade-off there last year we issued 7 million of debt we paid off just over 7 millions of debt so the debt…Play from 1:17:06
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