(Second Reading) Consider approval of an Ordinance ratifying the ad valorem tax

Staff Report & Agenda Item Details

(Second Reading) Consider approval of an Ordinance ratifying the ad valorem tax revenues (property taxes) reflected in the budget for Fiscal Year 2026-27 which will raise slightly more revenue from ad valorem taxes (property taxes) than in the prior Fiscal Year 2025-26. (RELATED AGENDA ITEM 5 OF 5 & ROLL CALL VOTE IS REQUESTED) The City Council voted 6-1 to approve on first reading on 9/5/2026. Rates for FY 2026-27 8-5-2026 Exhibit 13 - 2026 Taxpayer Impact Statement Exhibit 14 - List of Encumbrances Rollover From FY 2026 to FY 2027 (Item Presenter: Perwez A. Moheet, CPA, Interim City Manager & Director of Finance) Exhibit 2 - Staff Memo to City Council on Property Tax Rates for FY 2026-27 8-27- 2026 Exhibit 3 - Presentation on Property Tax Rate Information Provided to City Council on 8-27-2026 Exhibit 4 - Staff Memo to City Council on Property Tax Rates for FY 2026-27 8-13- 2026 Exhibit 5 - Presentation on Property Tax Rate Information Provided to City Council on 8-13-2026 Exhibit 6 - Ordinance Exhibit 7 - 2026 Certified Property Tax Rate Calculation Worksheet 8-12-2026 Exhibit 8 - Notice on Meeting to Vote on Tax Rate 9-2-2026 Exhibit 9 - Notice About 2026 Tax Rates 8-26-2026 Exhibit 10 - Notice of City Council Meetings on Adoption of Budget & Tax Rates for FY 2026-27 8-5-2026 Exhibit 11 - 2026 Taxpayer Impact Statement (Item Presenter: Perwez A. Moheet, CPA, Interim City Manager & Director of Finance) Exhibit 1 - Staff Memo Exhibit 2 - Presentation Exhibit 3 - Ordinance Exhibit 4 - 2026 Certified Property Tax Rate Calculation Worksheet 8-12-2026 Exhibit 5 - 2026 Taxpayer Impact Statement 5

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 8.7/10). 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).