Agenda Item Title:
Title
Continued Public Hearing to consider the adoption of the FY 2023-24 Sandy City Budget. This item includes:
Resolutions 23-23 C and 23-24 C of Sandy City, adopting tax rates for Sandy City and the Alta Canyon Recreation District for the fiscal year commencing July 1, 2023 and ending June 30,2024; also establishing certain fees and charges in Sandy City for said fiscal year
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Presenter:
Brian Kelley, Administrative Services Director
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Description/Background:
On May 30, 2023 the City Council opened the public hearing for consideration of the FY23-24 budget, during that meeting the hearing was continued to June 20, 2023.
Please review the attached resolutions, as they have been updated since their initial presentation on May 30, 2023.
The Council may adopt the attached resolutions, including Council amendments, if any. June 20, 2023 is the latest scheduled Council meeting in which a decision can be made to adopt a tax rate prior to the statutory deadline. Should the Council adopt a tax rate that exceeds the certified rate, a final budget will not be adopted until after the August 22, 2023 Truth in Taxation Hearing. Should the Council adopt a tax rate that is equal to or less than the certified rate, then a final budget will be adopted prior to June 30, 2023.
Further action to be taken:
Should the Council propose an increase in property taxes and set a Truth in Taxation Hearing, then the Council should also discuss and give direction to the Administration regarding the timing for certain purchases and payments between July 1 and the adoption of a final budget, following a Truth in Taxation Hearing. This discussion and direction can either occur during tonight's meeting or during the June 27th Council meeting.
Recommended Action and/or Suggested Motion:
Recommendation
Motion 1: Motion to adopt Resolution 23-23 C, a resolution adopting a tax rate on all real and personal property in Sandy City for the fiscal year commencing...
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