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AGENDA ITEM 3B(iii) <br />Staff Originator: Al Rolek <br />Date: September 5, 2001 <br />Topic: Establish date of Truth in Taxation hearing <br />Vote Required: Simple Majority <br />Background <br />All government entities are required to hold Truth in Taxation hearings to receive <br />public input on the proposed levy and general operation budget. Cities may not <br />hold their hearings on the same dates as Counties and School Districts. Due to <br />the extended 2001 legislative session, the State Legislature waived the <br />requirement of a Truth in Taxation hearing for this year. The reason for the <br />waiver the extended legislative session caused a delay in the processing of tax <br />and property specific notices, and the public will not receive this information until <br />mid- to late December. However, although it is not required, the City Council has <br />indicated a desire to hold a Truth in Taxation hearing. <br />Monday, December 10, 2001, at 6:00 p.m. is proposed to be the Truth in <br />Taxation hearing date, with final adoption of the 2001-02 tax levy and 2002 <br />general operating budget immediately following the hearing. <br />Options <br />1. Approve Resolution 2001-133 setting a date for a Truth in Taxation <br />hearing. <br />2. Refer to Staff for further review. <br />edation <br />Option 1. <br />