7.
Road District
- Meeting Date:
- 08/19/2025
- Title:
- Fiscal Year 2026 Tax Rate - Somerset Hills #3
- Submitted For:
- Ganae Hempe
- Submitted By:
- Ganae Hempe, County Auditor
- Department:
- County Auditor
Information
Agenda Item
Discuss and take appropriate action to include a record vote on a proposed tax rate for Somerset Hills Road District #3 for the tax year 2025.
Background
The current tax rate (fiscal year 2025) for the district is $0.2900. In order to meet the debt service obligations of the district, it is being recommended that a tax rate of $0.2900 be adopted to meet the estimated debt service budget of $623,470. Attached is a letter from Garry Kimball, financial advisor, that gives the highlights of the assessed valuation.
Fiscal Impact
| From/To | Acct No. | Description | Amount |
|---|
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| County Judge Exec Asst. | Delia Colon | 08/12/2025 03:42 PM |
- Form Started By:
- Ganae Hempe
- Started On:
- 08/03/2025 09:18 PM
- Final Approval Date:
- 08/12/2025