Travis County Commissioners Court
September 29, 2009,
Northwest Travis County Road District Number 3
>> good afternoon.
let's call to order the northwest Travis County road district number 3, the golden triangle.
item number 1 is to consider and take appropriate action on request to adopt order setting the northwest Travis County road district number 3 tax rate for the year beginning January 1, 2009.
a, total debt service tax rate, and b, total county ad valorem tax rate.
>> good afternoon, judge, Commissioners.
we are here to set the tax rate, the debt service tax rate for the golden triangle road district number 3.
and lad is here to give you specifics on the tax rate and the adoption of the fiscal year 2010 budget.
>> judge and members of the road district board, lad potillo, your county financial adviser and on golder triangle, the most successful road district in history, is got only five years left of debt service.
this year the debt service required in the next fiscal year is 26,581.
in order to be prudent because there was a drop in value out there this last year just like in values, commercial values throughout the area, the tax rate I think prudently should be set at 12.5 cents.
i'll make a statement that I don't know that I can empirically prove, but that probably the amount per square footage for each owner of the property pays will be less than last year at 11.5 cents because of the drop in value.
so it's a function of the mathematics, but I think the prudent thing -- a straight line tax rate would have been closer to 14 cents so we're still using some of the balances to buy it down because there have been very heavy and healthy balances through the years.
so my recommendation and what was published in the paper on the debt service was 12.5 cents and I would recommend you set that.
>> judge, I have the language.
i move that we set the ad valorem tax of .1250 for each hundred dollar valuation of all taxable property for debt service and to provide sinking funds and to pay interest on the above-mentioned bond issues.
>> second.
>> discussion?
all in favor?
that passes by unanimous vote.
and that's a.
>> that's a.
judge, b is on the budget that's also attached in your packet there.
the estimated budget for the year, the beginning fund balance was 273-822 and it shows the revenues, delinquent taxes and expenditures for the year with an ending fund balance in the budget around 216.
and that's at this time annually you would always approve that budget.
>> move approval of that budget.
>> second.
>> discussion?
seconded by director Eckhardt.
>> let's say it was by Huber since it's her precinct.
>> too late.
the chair has recognized you.
>> oh, sorry.
>> director Huber will be fine.
discussion?
all in favor?
that passes by unanimous vote.
number 2 is to consider and take appropriate action on request to adopt order approving the northwest Travis County road district number 3 budget for fiscal year 2010.
is that what we just did?
>> yes, sir.
>> okay.
so the first thing that we did covered a and b?
>> the first thing you did was cover the tax rate adoption, and then the second is the budget adoption.
so we're good.
>> we're posted for the tax rate and then the ad valorem -- we're posted for the debt service tax rate and then ad valorem tax rate, a and b of item number 1.
>> judge, I believe that you could make a motion that -- to adopt the total tax rate, which is the same as the debt rate, and perhaps it's safer to do that.
i don't see we have a county attorney, but --
>> just to be safe.
>> it would be safe.
>> there is no maintenance tax rate.
>> move approval.
>> second.
>> and that's 1-b then.
>> yes, sir.
>> discussion?
all in favor?
that passes by unanimous vote.
now, did we do the vote on number 2, which was the total budget?
>> yes, sir.
>> I know we did a motion and second.
we did the vote also.
it passed by unanimous vote.
okay.
then there's no further business for the golden triangle.
>> move adjourn.
>> second.
>> all in favor?
that passes by unanimous vote.
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Last Modified:
Tuesday, September 29, 2009 1:30 PM
