City of Coppell, Texas - File #: 2016-2948

• File #: 2016-2948
• Version: 1
• Name: Tax Revenue Ratification FY 16-17
• Type: Agenda Item
• Status: Passed
• File created: 9/1/2016
• In control: Finance
• On agenda: 9/13/2016
• Final action: 9/13/2016
• Title: Consider ratification of the vote on the FY 2016-17 annual budget which results in more revenues from ad valorem taxes than the previous year.

Date	Ver.	Action By	Action	Result
9/13/2016	1	City Council	Approved	Pass

Title

Consider ratification of the vote on the FY 2016-17 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 $2,352,978, which is a 6.44% increase from last year’s budget.  The property tax revenue to be raised from new property added to the tax roll this year is $1,027,687.

Staff Recommendation:

The Finance Department recommends approval.

Goal Icon:

Sustainable City Government