Review of City Parcel Tax: Budget Advisory and Financial Planning Committee Meeting August 6
On Thursday, August 6, at 6:30 p.m. in the Police Department Emergency Operations Center, 403 Highland Avenue, the Budget Advisory and Financial Planning Committee will consider items critical to Piedmont’s financial stability. The public can attend and participate in the meeting. There will be no audio or written record kept of meeting discussion or presentations. Additionally, no broadcast via the internet or cable TV will be available.
• Review the financial projections prepared for the City’s Annual Budget and provide comment on whether they provide for the long term sustainable financial future of the City. This review shall take place between the preparation of the budget in April and its approval by the City Council in June of each year.
• Review and provide comment on the Mid-Year Budget Reports.
• Provide a financial review of any new program commitments and funding sources in excess of $250,000 in any fiscal year.
• Periodically review and comment on the sufficiency of funding for long term obligations, including the Sewer Fund, Equipment Replacement Fund, Facilities Maintenance Fund and the City’s pension and retiree healthcare costs and funding.
• Periodically examine the need for the Municipal Services Special Tax (Parcel Tax) and recommend whether this tax should be continued, and if so, at what rate. This charge shall be accomplished not later than eighteen (18) months prior to the expiration of the tax as set forth in Chapter 20B of the City Code.
Approval of prior meeting minutes are on the agenda:
