TAX RATE John Howell of The

Staff Report & Agenda Item Details

TAX RATE John Howell of The GMS Group, LLC, distributed and reviewed a memorandum and spreadsheet regarding the District's financial requirements to be met with the tax levy for 2024. The District’s engineers have confirmed that the District is not a "Developed District" as defined by Texas Water Code Section 49.23602. Based upon the District's taxable value as certified by the Harris County Appraisal District, Mr. Howell is recommending a debt service tax rate of $0.1664 and a maintenance tax rate of $0.2036, for a total 2024 tax rate of $0.37. After discussion, upon motion by Mr. Whisler, seconded by Mr. Pershall, and unanimously carried, the board authorized the publication of $0.37 as the District's proposed 2024 tax rate. The board will conduct the required public hearing and formally adopt the tax rate at the next regular board meeting. 2

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 9.3/10). 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).