City Council Special Meeting and Public Hearing for Tax Rate and Budget Adoption 09/16/2024 06:00 PM

Members of the public may view the meeting live on the City's website under Agenda/Minutes and then select Live Stream Page (located at the top of the page). The meeting will be recorded and uploaded to the City's website.

CALL TO ORDER

INVOCATION

PLEDGES OF ALLEGIANCE

PUBLIC FORUM

The City Council will receive comments from the public on any matters within the jurisdiction of the City of Montgomery, Texas. Speakers will be limited to three (3) minutes each. Persons wishing to speak during the Public Forum must sign-in to participate prior to the meeting being called to order. Please note that the City Council's discussion, if any, or subjects for which public notice has not been given, are limited to statements of specific factual responses and recitation of existing policy.

PUBLIC HEARING

The City Council will convene into a Public Hearing to receive comments from the public. Speakers will be limited to three (3) minutes each.

• 1.Hear comments on the Proposed 2024 Tax Rate of $0.4000 per $100 of assessed valuation.

• 2.Hear comments on the Proposed FY2025 City of Montgomery Annual Budget.

REGULAR AGENDA

All items on the Regular Agenda are for discussion and/or action. The City Council for the City of Montgomery reserves the right to adjourn into executive session at any time during the course of this meeting to discuss any of the matters listed below, as authorized by the Texas Government Code Sections 551.071 (Consultation with Attorney), 551.072 (Deliberations about Real Property), 551.073 (Deliberation Regarding Prospective Gifts), 551.074 (Personnel Matters), 551.076 (Deliberations regarding Security Devices), and 551.087 (Deliberation regarding Economic Development Negotiations).

• 3.Consideration and possible action, by record of vote, on: AN ORDINANCE OF THE CITY OF MONTGOMERY, TEXAS ADOPTING AN OPERATING BUDGET FOR THE FISCAL YEAR 2024-2025.

  THIS BUDGET WILL RAISE MORE REVENUE FROM PROPERTY TAXES THAN LAST YEAR'S BUDGET BY AN AMOUNT OF $145,499, WHICH IS A 7.49 PERCENT INCREASE FROM LAST YEAR’S BUDGET. THE PROPERTY TAX REVENUE TO BE RAISED FROM NEW PROPERTY ADDED TO THE TAX ROLL THIS YEAR IS $73,825.

• Agenda Report 09162024 Budget Adoption FY25.pdf (0.03 MB)
• 2024-14 Adopting the Annual Budget for 2024-2025.pdf (0.02 MB)
• FY25 Proposed Budget - Filed 8.14.24.pdf (1.38 MB)

• 4.Consider, Adopt and Set by Ordinance the 2024 Ad Valorem Tax Rate for Maintenance and Operations, $.3089/$100.

• 5.Consider, Adopt, and Set by Ordinance the 2024 Ad Valorem Tax Rate for Debt Service, $0.0911/$100.

• 6.Consideration and possible action, by record vote, on: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF MONTGOMERY, TEXAS, SETTING THE AD VALOREM TAX RATE OF THE CITY OF MONTGOMERY, FOR THE YEAR 2024 AT A RATE OF $0.4000 PER ONE HUNDRED DOLLARS ($100) VALUATION ON ALL TAXABLE PROPERTY WITHIN THE CORPORATE LIMITS OF THE CITY OF MONTGOMERY AS OF JANUARY 1, 2024 SPECIFYING SEPARATE COMPONENTS OF SUCH RATE FOR OPERATIONS AND MAINTENANCE AND FOR DEBT SERVICE; LEVYING AN AD VALOREM TAX FOR THE YEAR 2024 PROVIDING FOR DUE AND DELINQUENT DATES TOGETHER WITH PENALTIES AND INTEREST; PROVIDING FOR COLLECTION AND ORDAINING OTHER RELATED MATTERS.

• Agenda Report 09162024 Tax Rate Adoption FY25.pdf (0.03 MB)
• 2024-15 Setting Tax Rate.pdf (0.02 MB)

ADJOURNMENT

I certify that this notice of meeting was posted on the website and bulletin board at City Hall of the City of Montgomery, Texas, a place convenient and readily accessible to the general public at all times. This notice was posted at said locations on the following date and time: SEPTEMBER 13, 2024 at 5:00 p.m. and remained so posted continuously for at least 72 hours preceding the scheduled time of said meeting.

/s/ Dave McCorquodale

Assistant City Administrator