Meetings
 


City of Helena, Montana
 
June 18, 2015
To: Ron Alles, City Manager
From:

Robert Ricker, Budget Manager     

Tim Magee, Administrative Services Director

Subject: Consider a resolution of intention to budget additional property tax revenue for FY2016.
Present Situation:

State statute allows the City to budget additional property tax revenues over the prior year level as specified in 15-10-420, MCA.  In accordance with 15-10-203, MCA the City is required to hold a public hearing before budgeting any increase in total property tax revenues.  The City intends to budget tax revenue increases as allowed by state law.

Background Information:

Approve the resolution of intention and set a public hearing for Monday, July 13, 2015.  Then, after receiving public input, approve a resolution budgeting additional property tax revenue.

Proposal/Objective:

Approve the resolution of intention and set a public hearing for Monday, July 13, 2015.  Then, after receiving public input, approve a resolution budgeting additional property tax revenue.

Advantage:

Approval of the resolution of intention will allow the City to advertise the required notices and hold a public hearing to obtain public input on budgeting additional tax revenues as allowed by state law.  These additional tax revenues are necessary to preserve the present level of services to the community.

Notable Energy Impact: N/A
Disadvantage:

Any increase in taxes or service rates is a sensitive public issue.

Notice of Public Hearing: N/A
Staff Recommendation:
 
ATTACHMENTS:
15-10-203, MCA
ROI-Additional Property Tax Revenue for FY2016