Item Coversheet



Staff REPORT
Public Hearing ITEM

Item # 7.b.

SUBJECT: 

Town Manager's Proposed Tax Increase in the Fireman's Field Service Tax Rate District (effective 01.01.2020)

DATE OF MEETING:  

March 24, 2020

Staff CONTACT(S):David A. Mekarski, AICP, Town Manager



SUMMARY and RECOMMENDATIONS:

Attached is a copy of the ad pertaining to the 2020 Fireman’s Field Service Tax Rate Public Hearing on March 24, 2020.  Many factors have changed due to the coronavirus pandemic since the Town Manger prepared the FY 2021 Proposed Budget that recommended a ½ cent increase in the service tax district rate for 2020 of $0.035, from $0.03 in 2019. 

The Town Manager will be working with the management team to radically reexamine our revenue and expenditure projections and revise our programs and priorities in order to address the emergency pandemic our nation, state, county and town are now facing.  It is our intention to present modifications to the budget request during the April 8, 2020 budget work session that will allow reduction of the proposed 2020 real property tax rate to $0.03, no change from the 2019 rate.

The budget schedule recommends Town Council adopt the 2020 property tax rates during the April 14th meeting, to allow staff sufficient time to prepare and mail 2020 tax bills by May 5th for a June 5th due date.


ATTACHMENTS:
Description
Advertisement of Public Hearing