Department: Management and Budget
Department Head/Elected Official: Daniel Ramos
Regular or Supplemental RCA: Regular RCA
Type of Request: Policy
Project ID (if applicable): N/A
Vendor/Entity Legal Name (if applicable): N/A
MWDBE Contracted Goal (if applicable): N/A
MWDBE Current Participation (if applicable): N/A
Justification for 0% MWDBE Participation Goal: N/A - Goal not applicable to request
Request Summary (Agenda Caption):
title
Request for discussion and possible action concerning 2024 tax rates.
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Background and Discussion:
Deadlines for proposing and approving tax rates for 2024 are approaching. The Office of Management and Budget requests a discussion related to tax rates for the County, Harris County Flood Control District (HCFCD), Hospital District, and/or Port of Houston. This may include discussion on timelines, budgets, and/or tax rates.
Commissioners Court normally proposes tax rates for all entities it sets the tax rate for at the same time. To propose any 2024 maintenance and operations (M&O) tax rates above the Voter Approval Rate (VAR), the discussion of tax rates must be expedited to meet statutory timelines for proposing tax rates, holding a public hearing, adopting tax rates, and calling a Voter Approval Tax Rate Election (VATRE). Should voters not approve an adopted tax rate at the election, the 2024 M&O tax rate would revert to the VAR. Per the Texas Tax Code, any VATRE must be held on the November uniform election date, which is November 5, 2024 this year.
Based on past discussions at Commissioners Court on 4/23/24 (Item 489), 5/7/24 (Item 102), and 7/15/24 (Item 121), OMB has been directed to provide possible 2024 Tax Year tax rates to inform potential future HCFCD budgets for consideration on the August 6, 2024 meeting of Commissioners Court. The Flood Control District has identified a need to address deferred maintenance on its existing and new assets that cannot be addressed long-term even going to the VAR.
Should Com...
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