Agenda

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Item # 1.

Council Meeting

Meeting Date:	08/23/2022
Department:	City Manager
Pillars:	Gold Standard in Financial Health
Milestones:	Continuously improve processes and policies to include the voice of the customer and ensure the policies are easily accessible

AGENDA CAPTION:

Present and Discuss Texas Municipal Retirement System Cost of Living Adjustment Options and the Proposed Annual Budget and Tax Rate for the Town of Addison for Fiscal Year 2023 (Beginning October 1, 2022 and Ending September 30, 2023).

BACKGROUND:

During the August 3, 2022 Special Council meeting regarding the Fiscal Year 2023 Budget, a representative from the Texas Municipal Retirement System and Town Staff presented information relative to the Texas Municipal Retirement System's Cost of Living Adjustment. Council requested Staff return with additional information for further discussion. Staff will present the information requested and seek guidance from Council on this matter. Staff will also provide information and seek guidance from Council related to the Fiscal Year 2023 tax rate and budget.

RECOMMENDATION:

Staff seeks Council direction.

Attachments
Presentation - TMRS Cost of Living Adjustment Options
Presentation - FY2023 Budget and Tax Rate Update