Agenda

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ARF- 6717

Public Hearing 2. A.

Special BOS Meeting

Meeting Date:	07/13/2021
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 2021-2022 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 2022, 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 FY 2021.

Arizona Revised Statutes (A.R.S.) § 42-17107 states, "The notice shall be published twice in a newspaper of general circulation in the county, city or town..." The notice of public hearing was published in the June 29th and July 6th editions of the Payson Roundup newspaper. The BOD also issued a press release containing the TNT taxation notice.

Evaluation

By February 10, 2021, 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 2022 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 2022 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 Arizona Department of Revenue Property Tax Oversight Commission.

Recommendation

Staff recommends that the BOD hold the public hearing and receive all comments 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 2022, 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 2022. (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 Hearing Notice Library District