Agenda

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ARF- 6064

Public Hearing 2. A.

Special BOS Meeting

Meeting Date:	07/14/2020
Submitted For:	Jacque Sanders	Submitted By:	Marian Sheppard, Clerk of the Board
Department:	Deputy County Mgr/Library District

Information

Request/Subject

Truth in Taxation (TNT) Hearing on the Proposed Fiscal Year 2020-2021 Property Tax Levy for the Gila County Library District.

Background Information

The Gila County Board of Supervisors acts as the Board of Directors (BOD) for the Gila County Library District.

The Gila County Library District BOD has published a notice of hearing to notify property taxpayers that the proposed primary property tax levy for FY 2021, excluding the amount attributable to new construction and any changes that may occur from property tax levies for voter approved bonded indebtedness or budget and tax overrides, is greater than the amount levied for 2020. Per Arizona Revised Statutes (A.R.S.) § 42-17107, a notice of hearing was published in the June 24th and July 1st editions of the Arizona Silver Belt newspaper, the official newspaper of the County for the first six months of 2020. It was also published in the June 30th and July 7th editions of the Payson Roundup newspaper, the official newspaper of the County for FY 2020-2021. The BOD also issued a press release containing the TNT taxation notice.

Evaluation

By February 10, 2020, as required by the A.R.S., the Gila County Assessor transmitted to the Finance Department the total net primary assessed value of all properties in Gila County. The increase in revenue is attributable to new construction $45,783 and increase Assessor valuations of $48,208.

At the current primary property rate of $.2425 per $100 of assessed value, the property tax levy for FY 2021 is projected to be $48,208 or 3.90% greater than the maximum tax rate without a TNT public hearing. The proposed Tentative Budget for FY 2021 is balanced utilizing this additional revenue.

The BOD has scheduled this truth in taxation public hearing on this date to obtain comments from interested citizens.

Conclusion

It is important that the Board approve the current $.2425 tax rate and allow the increase in net assessed value to increase the available revenue to maintain Gila County Library District operations.

Per A.R.S. § 42-17107(A)(5), within 3 days after the TNT hearing, the Clerk of the Board on behalf of the Board of Supervisors shall mail a copy of the TNT notice, a statement of its publication or mailing and the result of the Board's vote under paragraph 4 of this subsection to the Property Tax Oversight Commission.

Recommendation

Staff recommends that the BOD hold the public hearing and receive all comment from citizens regarding maintaining the current $.2425 tax rate per $100 assessed value and that any motion to adopt an increased levy be voted on by a roll call vote of Board members.

Suggested Motion

(Adjourn as the Gila County Board of Supervisors and convene as the Gila County Library District Board of Directors) Convene a Truth in Taxation (TNT) public hearing to hear from citizens regarding the proposed primary property tax levy rate of $.2425 per $100 assessed value for FY 2021, excluding amounts that are attributable to new construction and any changes that may occur from property tax levies for voter approved bonded indebtedness or budget and tax overrides, that is $48,208 greater than the amount allowed without a TNT public hearing; and approve the proposed primary property tax levy rate of $.2425 per $100 of assessed value for FY 2021. (Roll Call Vote) (Jacque Sanders) (Adjourn as the Gila County Library District Board of Directors and reconvene as the Gila County Board of Supervisors)

Attachments
TNT Notice for Library District