HomeMy WebLinkAboutCC 2008-09-02 AgendasCITY OF NORTH RICHLAND HILLS
CITY COUNCIL AGENDA
CITY HALL COUNCIL CHAMBERS
7301 NORTHEAST LOOP 820
NORTH RICHLAND HILLS, TEXAS
TUESDAY, SEPTEMBER 2, 2008
6:00 P.M.
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Copies of the full City Council agenda information packet are accessible prior to every
regularly scheduled Monday Council meeting according to the following locations and
schedule:
^ Library on the Friday prior to the meeting (available electronically)
^ City Hall on the day of the meeting (hard copy available)
Additionally, the agenda packet is available for download from the City's web site at
www.nrhtx.com after 5:00 p.m. on the Friday prior to every regularly scheduled Council
meeting.
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A.0 Call to Order -Mayor Trevino
A.1 Invocation -Councilman Whitson
A.2 Pledge -Councilman Whitson
B.0 PUBLIC HEARINGS
B.1 GN 2008-083 Conduct a Public Hearing on Proposed Tax Rate
C.0 Adjournment
All items on the agenda are for discussion and/or action.
Certification
I do hereby certify that the above notice of meeting of the North Richland Hills City Council was
posted at City Hall, City of North Richland Hills, Texas in compliance with Chapter 551, Texas
Government Code on August 29, 2008 at '~-~ ~'j`7 r ~ } r'
~ 1
___ a si ant City Secretary
This facility is wheelchair accessible and accessible parking spaces are available.
Requests for accommodations or interpretive services must be made 48 hours prior to
this meeting. Please contact the City Secretary's office at 817-427-6060 for further
information.
The City Council may confer privately with its attorney to seek legal advice on any matter listed
on the agenda or on any matter in which the duty of the attorney to the governmental body
under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly
conflicts with Chapter 551, Texas Government Code.
City of North Richland Hills
City Council Special Meeting Agenda
North Richland Hills City Hall Council Chambers
7301 Northeast Loop 820
North Richland Hills, TX 76180
Tuesday, September 2, 2008
6:00 P.M.
A.0 Call to t~rder -Mayor Trevino
A.1 Invocation -- Councilman Whitson
A.2 Pledge -Councilman Whitson
B.0 PUBLIC HEARINGS
B.1 GN 2008-083 Conduct a Public Hearin on Pro osed Tax Rate
C.0 Adjournment
CITY OF
NORTH R/CHLAND HILLS
Department: City Secretary
Presented by:
Council Meeting Date: 9-2-2008
Agenda No. A.0
Subject: Call to Order -Mayor Trevino
CITY OF
NORTH R/CHLAND HILLS
Department: City Secretary
Presented by:
Council Meeting Date: 9-2-2008
Agenda No. A.1
Subject: Invocation -Councilman Whitson
CITY OF
NORTH R/CHLAND HILLS
Department: City Secretary
Presented by:
Council Meeting Date: 9-2-2008
Agenda No. A.2
Subject: Pledge -Councilman Whitson
CITY OF
NORTH R/CHLAND HILLS
Department: City Secretary
Presented by:
Council Meeting Date: 9-2-2008
Agenda No. B.0
Subject: PUBLIC HEARINGS
CITY OF
NORTH R/CHLAND HILLS
Department: Budget Council Meeting Date: 9-2-2008
Presented by: Mark Mills Agenda No. B.1
Subject: GN 2008-083 Conduct a Public Hearing on Proposed Tax Rate
Senate Bills 18 and 567 that were passed during the regular 79th Session of the Texas
Legislature made several changes to the way the tax rate must be adopted. One of the
changes is the requirement to hold two public hearings on the proposed property tax
rate if the proposed rate exceeds the effective tax rate.
Because the proposed rate of 57¢ is higher than the effective tax rate of 56.3058¢, two
public hearings must be held. The September 2 hearing is the second of the two
required hearings. The first public hearing was held at the City Council meeting on
Tuesday, August 26, 2008 at 7:00 pm.
Senate Bills 18 and 567 also have very specific requirements on how to publish notice
of the public hearings. Notice of the public hearings was duly posted in the Northeast
Section of the Fort Worth Star-Telegram on August 18, 2008 per state law. Senate Bills
18 and 567 also require us to phrase the notice of public hearing on the tax rate as a
"tax increase" because the proposed tax rate is above the effective tax rate. The
effective tax rate is the property tax rate, applied to the most recent certified tax roll,
necessary to produce the same amount of property tax revenues as the prior year.
The tax rate is scheduled to be adopted on September 8, 2008 during the regular 7:00
pm City Council meeting. The proposed tax rate for Fiscal Year 2008-2009 is 57¢. If
adopted, this will be the 16th consecutive year the City has maintained a 57¢ tax rate.
Individual taxpayers' property taxes may decrease, increase or stay the same
depending on the appraised value of their property. Senior and disabled property
owners who have a tax ceiling (even if their property values have increased) will
pay the same amount of property tax as the previous year.
The City of North Richland Hills is proud of the progress we have made while
demonstrating sound financial management of our Citizen's tax dollars.
Recommendation:
To open the public hearing, receive public comments on the proposed 57¢ tax rate,
announce September 8, 2008 as the date of the tax rate adoption, and close public
hearing. No action is required at this hearing as this is held solely for the purpose of
receiving comments. As stated, action on the tax rate is proposed for the September 8
Council meeting.
FISCAL YEAR 2008-2009
SCHEDULE 4 -SUMMARY OF PROPERTY TAX REVENUE AND DISTRIBUTION
NET TAXABLE VALUE:
Total Appraised Value as of July 25, 2008 $ 4,016,984,859
Less Exemptions:
Disabled Veteran $ (3,637,414)
Over 65 $ (115,278,621)
Homestead $ (316,482,847)
Disabled Persons $ (9,598,910)
Less: Personal Property Nominal Value Loss 0
Prorated Absolute (803)
Agricultural Value Loss $ (6,462,428)
Freeport Inventory Value Loss $ (278,361)
Pollution Control/Prorated Absolute $ (238,634)
Total Reduction to Values ($451,978,018)
Add: Estimated Minimum ARB protested values $ 175,694,936
Incomplete Property $ 18,783,354
NET TAXABLE VALUE $3,759,485,131
ESTIMATED PROPERTY TAX COLLECTIONS:
Net Taxable Value $3,759,485,131
Proposed Tax Rate per $100 Valuation $0.57
Estimated Total Tax Levy at 100% Collection $21,429,065
Less Estimated 1 % for Uncollectables (214,291)
Less TIF Transfer (1,329,060)
Less Debt Service Transfer (6,322,088)
TOTAL ESTIMATED PROPERTY TAX
COLLECTIONS(Operations) 99% $13,563,627
of Total Tax Rate
TAX RATE DISTRIBUTION SCHEDULE: Tax Rate Distribution
General Fund -Maintenance & Operations 59.4% $0.338753
Debt Service Fund and TIFs 40.6% $0.231247
TOTAL DISTRIBUTION OF TAX RATE 100% $0.57000
100% Projected
DISTRIBUTION OF ESTIMATED TAX REVENUE: Collection Collection
Transfer to Debt Service Fund 7,651,148 7,651,148
General Fund -Maintenance & Operations 13,777,917 13,563,627
TOTAL ESTIMATED TAX REVENUE $21,429,065 $21,214,775
10
CITY OF
NORTH R/CHLAND HILLS
Department: City Secretary
Presented by:
Council Meeting Date: 9-2-2008
Agenda No. C.0
Subject: Adjournment