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Council proposes a $0.39681 FY2020/21 rate, the first under Senate Bill 2, 5-0
On August 25, 2020 the council voted 5-0 to approve the $0.39681 tax rate in the proposed 2020/21 budget, on a motion by Councilmember Freda Powell seconded by Councilmember Eddy Sauer. Assistant City Manager Laura Storrs said Senate Bill 2 was now in effect: the effective rate was renamed the no-new-revenue rate, the rollback rate became the voter-approval rate, and adopting a rate above the voter-approval rate requires an election. She said the proposed budget would have been reduced by $1.8 million at the no-new-revenue rate. The council adopted $0.39681 in September.[1]
Ginger NelsonElaine HaysFreda PowellEddy SauerHoward SmithLaura Storrs
What the sources say
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On August 25, 2020 the council voted 5-0 on a motion by Councilmember Powell, seconded by Councilmember Sauer, "to approve the $0.39681 tax rate in the proposed 2020/2021 City of Amarillo budget." The minutes set the tax-rate hearing and first reading for September 8, 2020 and the second reading and ratification for September 15, both at the Civic Center. [1]
- For
- 5
- Against
- 0
- Rate per 100
- $0.39681 per $100
- ✓ Verified
Laura Storrs: Assistant City Manager Laura Storrs said Senate Bill 2 was in effect: the effective tax rate was now called the no-new-revenue rate and the rollback rate the voter-approval rate (allowing 3.5% above the prior year's maintenance and operating collections), and an election is required if the adopted rate exceeds the voter-approval rate. She said the proposed budget would have been reduced by $1.8 million using the no-new-revenue rate. [1]
