HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID:
Date: 1 /28/2007
Commission Meeting Date: 2/8/2007
Requesting Department: OSBM
District Impacted: City-wide
Type: ❑ Resolution D Ordinance ❑ Emergency Ordinance ® Discussion Item
❑ Other
Subject: Discuss fiscal impact of proposed property tax legislation
Purpose of Item:
During discussion of item D2.1, a resolution requesting the support of an amendment to limit the ad
valorem tax assessment on real property, concerns were raised by members of the Commission on the
fiscal impact of the proposed legislation. Acting Chief Financial Officer, Larry Spring, was directed
Ito research the proposed legslation, determine the fiscal impact and bring findings before the
Commission at its meeting of February 8tl'.
Background Information:
Budget Impact Analysis
NO Is this item related to revenue?
NO Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
Final Approvals
(SIGN AND DATE)
CIP Budget
If using or receiving capital funds
Grants Risk Management
Purchasing Dept. Director
Chief City Manager
D''IYP 1 r+ 1