Consider and take appropriate action to introduce, on first reading, Ordinance O-004-25 adopting a combined tax rate of 0.646590/$100 valuation for FY 2027 and confirming the required public hearing for September 15, 2026, at 1:30 PM in the City Council Chambers at City Hall, 600 N. Main Street.

Staff Report & Agenda Item Details

We have received our 2020 Certified Values from the Hutchinson County Appraisal District.  The 2020 freeze adjusted values have increased by $4,834,700 over the 2019 freeze adjusted values.  I have included a copy of the Certified Values, the Tax Assessor Collector's No New Revenue and Voter Approval Work Sheet, and a copy of the required publication for the proposed tax rate.  The proposed rate calculated by administrative staff is less than the No New Revenue Rate so no public hearings on the proposed tax rate will be required. 

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 8.6/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).