HomeMy WebLinkAbout08/31/2006 City Council
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August 31, 2006 Special Session P .H. Tax Rate
MINUTES OF SPECIAL SESSION OF COUNCIL
HELD ON AUGUST 31, 2006
The Special Session ofthe City Council ofthe City of The Colony, Texas, was called to order at 7:02
p.m. on the 31st day of August 2006, at City Hall, 6800 Main Street, The Colony, Texas, with the
following roll call:
John Dillard
Allen Harris
John Marshall
Joe McCourry
Kirk Mikulec
Perry Schrag
Joel Marks
Mayor
Councilmember
Councilmember
Mayor Pro-tern
Councilmember
Councilmember
Councilmember
Present
Present
Present
Present
Present
Absent
Present
And with six council members present a quorum was established and the following items were
addressed:
1.
Public Hearing to discuss the proposed 2006-2007 tax rate of 71.9 cents per $100
valuation for the taxable value of all property real and personal, located with in the
City of The Colony.
2. Announce the second of two required public hearings on the proposed 2006-2007
tax rate to be held on September 5, 2006 at 7:00 p.m.
Finance Director Rebecca Koo stated this is the first of two required public hearings on
the tax rate. The proposed rate is 71.9 cents, with an effective tax rate of 69.498 cents,
and a rollback rate of72.01l cents.
The second public hearing is scheduled for September 5, 2006. The vote on the tax rate
is scheduled for September 18, 2006.
Mayor Dillard opened the public hearing at 7:05 p.m. Joel Marks voiced his concern to
council about the possibility of projected utility revenues not being met, and questioned
what would happen to the budget in that event. Public hearing was closed at 7:10 p.m.
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August 31, 2006 Special Session P .H. Tax Rate
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And with no further business to discuss the meeting was adjourned at 7: 10 p.m.
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Cmlstie Wilson, TRMC, City Secretary
APPROVED: