September 7, 1999  

SUBJECT: Public Hearing on Proposed Tax Rate for FY 2000

RECOMMENDATION:
That the Board of Trustees hold a public hearing on September 7, 1999, regarding the proposed tax rate for Fiscal Year 2000.

RELATED BOARD POLICY OR PLANNING PRIORITY (Directives/Goal Action Plan)
This item is consistent with Board approved Policy E-7, Property Taxes.

RATIONALE
The balanced budget will require a $.0500 rate per $100 assessed valuation. This proposed tax rate is based on the FY2000 Planning Principles.

The three benchmark rates are: effective tax rate .0477 per $100 assessed value

rollback rate .0515 per $100 assessed value

maximum ad valorem .0500 per $100 assessed value

The Austin Community College tax rate is capped at $.0500 per $100 of assessed value.

BUDGETARY CONSIDERATION
The FY 2000 Balanced Budget includes $17,452,264 of Property Tax Revenue.

RESOURCE PERSONNEL
Jerry Miller, Vice President Business Services

ATTACHMENTS
Notice of Public Hearing on Tax Increase
1999 Tax Rate Planning Calendar