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Chairman Bullock opened discussion on Resolutions 2020-33, 2020-34, & 2020-35, noting their purposes. The tax budget resolutions establish the city's tax rate for another year, allows the county to redistribute property taxes back to the city, and determine the division of taxes levied. Chairman Bullock asked how the city makes assumptions that are built into the division of taxes that are levied. Director Rancatore noted that the city's rate is set at 17.4 mills, meaning that's what the city levies its homeowner's property taxes. He added that the city uses figures that its had for a long time, which tend to fluctuate very little from year to year. Chairman Bullock and Director Rancatore discussed fluctuations in tax rates, determining that property taxes tend to be more stable than income taxes. It was noted that the tri-annual property reassessment took place 2 years ago and Director Rancatore explained the county's process behind that reassessment. Chairman Bullock made a motion, seconded by Councilmember Litten to recommend Resolution 2020-33 to the full Council for passage. A roll call vote was taken as follows: Yeas —Bullock, Litten, Neff Nays —None Motion passed. Resolution 2020-33 was recommended for passage. Chairman Bullock made a motion, seconded by Councilmember Litten to recommend Resolution 2020-34 to the full Council for passage. A roll call vote was taken as follows: Yeas —Bullock, Litten, Neff Nays —None Motion passed. Resolution 2020-34 was recommended for passage. Chairman Bullock made a motion, seconded by Councilmember Litten to recommend Resolution 2020-35 to the full Council for passage. A roll call vote was taken as follows: Yeas —Bullock, Litten, Neff Nays —None Motion passed. Resolution 2020-35 was recommended for passage. Review of May 2020 month end fund balance Chairman Bullock stated that the city has done what it can to curtail expenditures, with the voluntary furlough program amounting to $300,000 in savings. There is still uncertainty for the city's tax receipts, as the April and June tax collection dates have been pushed back to July 15�'.