Special Board of Aldermen 11-15-2021 Page 13
of revenue that needs to be raised and that's your tax rate. That's kind of simplifying the process but that's essentially
what it is.
And then where an individual property owners’ assessed value follows in that increase will determine whether their taxes
will go up or down. So if the average increase was 40% in an individual property’s value goes up 20%, they'll probably
see a decrease in their taxes. If it goes up 60%, they'll probably see an increase in their taxes. But that, again, is way
too early right now too project.
Alderman Klee
Thank you for the clarification. | just know exactly what Director Kleiner said. There will be calls tomorrow morning
probably to every one of us sitting around this horseshoe. | just kind of wanted to make sure that that information went
out that this is not directly related and as you pointed out, too soon to start talking about that. Thank you.
Alderman Clemons
So based on this timeline here, we're basically looking to have this implemented for the December tax — December 2022.
Is that correct? Do we think we're gonna make that timeline?
Kim Kleiner, Administrative Services Director
Yes, I'm very confident Vision Government Solutions will make that timeline.
Alderman Clemons
Okay. Thank you.
President Wilshire
You all set Director Kleiner?
Kim Kleiner, Administrative Services Director
Yes, thank you.
President Wilshire
Okay. I'd like to thank you all for coming this evening and for explaining this process. It was very informative. |
appreciate you also folks on Zoom. So thank you for the presentation this evening.
Mike Tarello, Vice President
Our pleasure.
ADJOURNMENT
MOTION BY ALDERMAN O’BRIEN THAT THE NOVEMBER 15, 2021, SPECIAL MEETING OF THE BOARD OF
ALDERMEN BE ADJOURNED, BY ROLL CALL
A viva voce roll call was taken to adjourn the Special Board of Aldermen meeting which resulted as follows:
Yea: Alderman O’Brien, Alderman Klee, Alderman Dowd, Alderman Caron,
Alderwoman Lu, Alderman Jette, Alderman Harriott-Gathright, Alderman Wilshire 8
Nay: Alderman Clemons, Alderman Lopez 2
MOTION CARRIED
The meeting was declared adjourned at 9:24 p.m.
Attest: Allison Waite, Deputy City Clerk
