Title
HOLD a public hearing on proposed rate increases for FY 2024 to be effective October 1, 2023.
Summary
DATE: August 1, 2023
TO: Kent Cagle, City Manager
FROM: Miranda Drake, Assistant Director of Finance
SUBJECT: FY 2024 Rate Increases
BACKGROUND AND FINDINGS:
Throughout the budget process, the City of Killeen ensures that public input is sought and valued. In accordance with the City Charter and Financial Governance Policy, a mandatory public hearing is held for any ordinance that seeks to impose or raise fines or fees. This public hearing plays a vital role as it provides a platform for citizens to express their views and feedback on the proposed fees. The City actively encourages all citizens to take part in this hearing and make their voices heard.
Under the Financial Governance Policy, all fees must be listed in the fee schedule, except for specific rates/fees set by City Council ordinance, such as Water and Sewer, Solid Waste, Drainage, and Street Maintenance Fees. To determine these fees, the relevant departments compared them with those of similar cities, and the proposed fees were made available to the public on the City's website from March 31, 2023, until April 30. Despite the comment period, no feedback was received.
THE ALTERNATIVES CONSIDERED:
N/A
Which alternative is recommended? Why?
N/A
CONFORMITY TO CITY POLICY:
This conforms to requirements set forth in the City Charter, Article III, Section 38; and Financial Governance Policy VIII(B).
FINANCIAL IMPACT:
What is the amount of the expenditure in the current fiscal year? For future years?
N/A
Is this a one-time or recurring expenditure?
N/A
Is this expenditure budgeted?
N/A
If not, where will the money come from?
N/A
Is there a sufficient amount in the budgeted line-item for this expenditure?
N/A
RECOMMENDATION:
City Council hold a public hearing on proposed rate increases for FY 2024 to be effective October 1, 2023.
DEPARTMENTAL CLEARANCES:
Finance
Legal
...
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