Bationk  MINUTES OF THE MEETING OF THE BENBROOK CITY COUNCIL THURSDAY, AUGUST 15, 2024  The regular meeting of thel Benbrook City Council was held on August 15, 2024 at 7:30 p.m.  in the Council Chambers with thet following Council members present:  Jason Ward, Mayor Renee Franklin Larry Marshall Dustin Phillips Gary Addison Laura Mackey Keith Tiner  Also Present:  Jim Hinderaker, Assistant City Manager Beth Fischer, City Secretary Rick Overgaard, Finance Director Michael Barber  Others: I.  CALL TO ORDER  Meeting called to order at 7:30 p. m. by Mayor Ward. NVOCATIONPLEDGE OF ALEGIANCE  II.  Invocation was given by Pastor Todd Pylant - First Baptist Church of Benbrook  The Pledge of Allegiance recited.  III. CITIZEN COMMENTS ON ANY AGENDA ITEM  IV. MINUTES 1.  Approve minutes of the regular meeting held August 1, 2024  Motion by Dr. Marshall, seconded by Mr. Addison to approve the minutes of the  regular meeting held August 1, 2024.  1    Vote on the Motion: Mr. Tiner Noes: None  Ayes: Ms. Franklin, Dr. Marshall, Mr. Phillips, Mayor Ward, Mr. Addison, Ms. Mackey,  Motion carried unanimously. V. REPORTS FROM CITY MANAGER  A. GENERAL G-2662  Accept 2024 Certified Appraisal Roll, set Anticipated Collection Rate, appoint an officer to calculate the No-New Revenue Tax Rate, Voter-Approved Tax Rate, and enter tax rate in  wwarantaxno.com portal  Rick Overgaard gave the following report: Staff has received the 2024 Certified Appraisal Roll from the Tarrant Appraisal District (TAD). The report Information on the 2024 Appraisal Roll" contains the State-mandated information on appraised To comply with Truth-in-Taxation (TNT) requirements of Texas law, the City Council must accept the Certified Appraisal Roll as presented by TAD, set the anticipated collection rate for FY 2024-25, and appoint an officer to (1) calculate/publish the No-New-Revenue and Voter-Approval Tax Rates, and (2) The no-new-revenue tax rate is used to evaluate the relationship between taxes for the prior year and for the current year, based on a tax rate that would produce the same amount of taxes if applied to the same properties taxed in both years. This year the City's No-New-Revenue Tax Rate is $0.559066. The City Budget is preliminarily proposing a tax rate of $0.5550, compared to the current property tax rate of $0.5650. This is a 10 cent decrease from the current tax rate and $0.004066 The voter-approval tax rate is a calculated maximum tax rate allowed by law without voter approval. The voter-approval tax rate allows cities to capture up to 3.5% in valuation growth from existing property for maintenance and operations.  value, adjustments, exemptions, and the taxable value of property.  enter the City's tax data in the www.arantexnio.com portal.  below the No-New-Revenue Tax Rate.  This year, the Voter-Approval Tax Rate is $0.615358.  This year, the Benbrook City Council is not required to take a roll call vote to increase property tax taxes since the City is proposing a rate at or below the No- New-Revenue tax rate. The City is not "raising taxes" on existing properties.  2    Texas law focuses only on property taxes and does not take into consideration any other revenue sources. In addition, State law does not recognize the intricacies of the property tax roll. For this year, 2024 Appraisal Roll Information Valuation Summaryincludes $59,512,227 forp properties under protest. Section 25.01 (c) ofthe State Property Tax Code directs the Chief Appraiser to prepare a list of all properties under protest with the Appraisal Review Board and pending disposition at the time of value roll certification. The estimated minimum taxable value for these properties is Staff recommends that the City Council set the initial property tax rate at the No- New-Revenue tax rate of $0.559066. The final adopted property tax rate may be lower, but not higher, than the preliminary property tax rate approved on August 15, 2024. The proposed budget is predicated on a proposed tax rate of $0.5550, which is lower than the voter-approval tax rate and no-new-revenue rate. The public vote, as well as the advertisements and notices, does not mean that the City of Benbrook will increase the property tax rate. As mandated by the City Charter, the final property tax rate will be approved by the City Council during the budget Motion by Ms. Franklin, seconded by Mr. Tiner to accept the 2024 Certified Appraisal Roll as presented; Set 100.00 percent as the anticipated property tax collection rate for FY 2024-25; Appoint Tarrant County Tax Assessor-Colector to calculate the No-New-Revenue Tax Rate and the Voter-Approval Tax Rate; Appoint the Finance Director to publish and enter the tax data in the www/tarantaxnio.com portal; Set the maximum property tax rate for FY 2024-25 at the no-new-revenue rate of $0.559066 (may be lowered when final budget is  $40,920,106.  process and adopted by an ordinance.  adopted). Vote on the Motion: Mr. Tiner Noes: None  Ayes: Ms. Franklin, Dr. Marshall, Mr. Phillips, MayorWard, Mr. Addison, Ms. Mackey,  Motion carried unanimously. VI. INFORMAL CITIZEN COMMENTS  VII. COUNCIL MEMBER AND STAFF COMMENTS  Ms. Franklin and Mr. Tiner offered well wishes and safe return to all students, teachers, parents, and volunteers returning to school. As well as the first responders  keeping us safe in our City.  3    VIII. ADJOURNMENT  Meeting adjourned at 7:40p.m.  N  Elizabeth ATESA  Fischer, City Secretary  4