| 1. | PUBLIC HEARING ON TAX INCREASE: (Contact: Michelle Bonner, Deputy City Manager) THE CITY OF AMARILLO IS CONSIDERING A TAX RATE OF $0.36838, WHICH IS GREATER THAN THE CURRENT RATE. THIS PROPOSED RATE WILL RAISE MORE TAXES THAN LAST YEAR’S TAX RATE. THE TAX RATE WILL EFFECTIVELY BE RAISED BY 1.80 PERCENT. THE TAX ON AN AVERAGE HOME LAST YEAR WAS $476.49. THE TAX ON AN AVERAGE HOME WOULD BE $495.33 UNDER THE PROPOSED RATE. |
| 1. | PUBLIC HEARING ON TAX INCREASE: (Contact: Michelle Bonner, Deputy City Manager) THE CITY OF AMARILLO IS CONSIDERING A TAX RATE OF $0.36838, WHICH IS GREATER THAN THE CURRENT RATE. THIS PROPOSED RATE WILL RAISE MORE TAXES THAN LAST YEAR’S TAX RATE. THE TAX RATE WILL EFFECTIVELY BE RAISED BY 1.80 PERCENT. THE TAX ON AN AVERAGE HOME LAST YEAR WAS $476.49. THE TAX ON AN AVERAGE HOME WOULD BE $495.33 UNDER THE PROPOSED RATE. |