Public Notices - Regular Meeting - 8/24/2017 (3)To the Citizens of Round Rock, Texas:
Notice is hereby given that at 7:00pm on August 24th, a public hearing will be held in the City Council
Chambers at 221 E. Main Street in the City of Round Rock, Texas concerning the following proposed
Tax Rate.
The 2017 proposed tax rate of $0.43000 exceeds the effective tax rate of $0.40317. The increase in
the proposed rate over the effective rate is to provide funding for debt payments & operations for voter -
approved bond projects and rising costs.
The debt portion of the estimated proposed tax rate is fixed at $0.14214, the amount necessary to meet
the City's debt payment obligations. However, the M&O portion (General fund operational portion) of
the rate can vary. The Council can adopt a final M&O tax rate that is lower than the proposed rate
included in the published notices, but it cannot adopt a higher M&O rate without repeating the notice
and hearing process and giving taxpayers the opportunity to hear and comment about the higher tax
increase. The Rollback Rate for 2017 is $0.43494.
Summary of Proposed Tax Rate:
Maintenance & Operations portion $0.28786
Debt portion $0.14214
Proposed 2017 Tax Rate $0.43000
2016 Tax Rate $0.42500
2017 Effective Tax Rate $0.40317
2017 Rollback Tax Rate $0.43494
Proposed 2017 Tax Rate $0.43000
2017 Effective Tax Rate $0.40317
Increase over Effective 2.7 cents
Allocation of Increase Above Effective Rate
Debt payments for voter authorized bonds 1.2 cents
Operating costs for voter authorized bonds 0.9 cents
Operating costs to keep up with growth 0.6 cents
Total Proposed Increase 2.7 cents
This is the first public hearing of the proposed tax rate, fulfilling the requirements of the Texas Local
Government Code, Section 102.006 providing for public comment. The first public hearing on the
proposed tax rate and first reading of the Ordinance to adopt the proposed tax rate is scheduled for
August 24, 2017, the second public hearing on the proposed tax rate is scheduled for August 31, 2017,
and the final adoption is scheduled for September 14, 2017.
Copies of the proposed budget are available to the public at the following places:
• Robert G. & Helen Griffith Public Library, 216 E. Main Street
• An electronic copy of the budget is also available on the City's Web site:
www.roundrocktexas.gov/budget
All interested parties are encouraged to peruse the document prior to the public hearings. Issued this
14th day of August, 2017.
POSTING CERTIFICATION
I certify that this notice a public hearing was posted on this 14th day of August, 2017 at5:00p.m. as required bylaw
in accordance with Section 551.043 of the Texas Government Code.
_ w
Meag S ink Deputy Ci Clerk