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6 • FINANCEGrand Mission Municipal Utility District #1 (Fort Bend County)

New Business; including (a) review report from the District's Financial Advisor on the tax rate necessary to meet the District's debt service requirements; (b) call for future hearing for the review of the proposed 2021 tax rate; (c) authorize publication

Presented in: Grand Mission Municipal Utility District #1 Board Meeting - 2021-09-13 on 2021-09-13
Meeting Agenda PDF

Official Roll-Call Vote

Expands Gov't • 8.5/10 Impact Weight
PASSED (6 - 0)
“Motion to approve New Business; including (a) review report from the District's Financial Advisor on the tax rate necessary to meet the District's debt service requirements; (b) call for future hearing for the review of the proposed 2021 tax rate; (c) authorize publication”
DH
YES
SH
Syed Hasan
Director, Place 1 (Place 1)
YES
JB
Judson Brown
Director, Place 2 (Place 2)
YES
DA
Darrell A. Hawthorne
Director, Place 3 (Place 3)
YES
VM
Vincente M. Salazar III
Director, Place 4 (Place 4)
YES
LT
Laski Tesalonika
Director, Place 5 (Place 5)
YES

Staff Report & Agenda Item Details

New Business; including (a) review report from the District's Financial Advisor on the tax rate necessary to meet the District's debt service requirements; (b) call for future hearing for the review of the proposed 2021 tax rate; (c) authorize publication and notice of hearing on the proposed 2021 tax rate; (d) review Annual Financial Report for the fiscal year ended 30 June 2021; (e) authorize filing of the Annual Financial Report with the Texas Commission on Environmental Quality and other agencies as required; (f) review investment policies and investment procedures of the District; adopt Resolution Evidencing annual review of the lnvestment Policies and I nvestment Procedu res;

Bastiat Liberty & Property Rights Analysis

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 8.5/10). 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).