Act as an operations guide by providing levels of expenditures allowed for the accomplishment of departmental and program objectives.Determine the level of taxation necessary to generate required revenue resources.Define the resources available for the completion of those activities.Act as a financial plan which describes the activities that will be undertaken during the current fiscal year.The purpose of the annual operating budget of the City of Bay City is to:
#Budget planning calendar code#
(Tex Tax Code 26.06 (a) or sooner than 5 days after public hearing.
Make sure the public hearing is not over 7 days from the day we vote on tax rate. The City may adopt a budget and at tax rate at the same meeting as long as the budget is adopted first as a separate item. State law requires most cities to adopt a budget before they adopt the tax rate.
Notice of Proposed Tax Rate shall be published not later than the 7th day before the date of the public hearing (Tax Code 26.065) (publish one time for both dates) Notices must be published on Internet 7 days continuously before hearing & 7 days continuously before vote on tax rate.Īdoption of the tax rate must be a separate item on the agenda. (City Charter 10.11)Ī copy of the budget shall be sent to County Clerk’s office, the Bay City Public Library, and the City Secretary.
A copy of the budget shall be sent to County Clerk’s office, the Bay City Public Library, and the City Secretary. Septemis the 13th day of the last month of the fiscal year and no sooner than the 5th day after the public hearing and not later than 10 days prior to the beginning of the fiscal year, so it meets these requirements. The budget shall be adopted in final form before September 30 or 60 days after the certified totals are received. The City is only required to have one budget hearing however, two hearings are routinely provided for citizens input regarding the City’s Capital Plan, Proposed Budget, and the Bay City Community Development Corporations Budget. Public Hearing is set for September 8, 2022. Public Hearing for Budget must be scheduled after the 15th day (Aug 29, 2022) after date the proposed budget is filed, 10 days after publication of the notice (September 7, 2022) but before the date the governing body makes its tax levy (Local Gov Code 102.006b). See new guidelines before publishing proposed budget. 3195 brings truth and taxation into the budget process. Notice of Public Hearing for Budget shall be published not earlier than the 30th or later than the 10th day before the date of the hearing (Local Gov Code 102.0065 (c). The proposed budget must have a special cover page if the budget will raise more property taxes than in previous years. Note: Budget must be filed with the City Secretary before the 30 th day before the date the governing body makes its tax levy for the fiscal year – therefore Augis the last day to file the budget with the City Secretary (Local Gov Code 102.005). This narrative describes the legal requirements, budgeting standards and basic rationale of the budget process. The purpose of this segment is to explain the budgetary policies and process of the City of Bay City.
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