Title
Consider ratification of the vote on the FY 2018-19 annual budget which results in more revenues from ad valorem taxes than the previous year.
Summary
See attached memorandum.
Fiscal Impact:
The property tax revenue increase is $2,234,567, which is a 5.45% increase from last year’s budget. The property tax revenue raised from new property added to the tax roll this year is $507,323.
Staff Recommendation:
The Finance Department recommends approval.
Goal Icon:
Sustainable City Government