| Item Title: | Budget & Fiscal Policy Department - Budget Hearings: Proposed Tax Rate for FY2023 |
| Submitted By: | Wallace Hardgrove, Executive Director, Budget and Fiscal Policy Department (915) 546-2262 |
| Subject: | Budget Hearing: Pursuant to the Property Tax Code, § 26.05(d) propose a tax rate, or pursuant to the Property Tax Code, § 26.05(a), adopt a tax rate for El Paso County. |
| Background: | The No New Revenue Tax Rate as calculated by the Tax Assessor Collector was $0.426289 per $100 taxable property value and is the tax rate being recommended and is composed of a maintenance and operations tax rate of $0.376264 and an interest and sinking tax rate of $0.50025 per $100 taxable property value. |
| Fiscal Impact: | This tax rate will levy approximately $210.9 million in tax revenues for tax year 2022 which will be utilized for fiscal year 2023 day to day operations of the County as well as the required annual payment of bonded debt. |
| Recommendation: | Propose the No New Revenue Tax Rate of $0.426289. |
| Prior Action: | N/A |
| Strategic Plan: | .. |
| Strategic Plan Information: | |