When does the City Council decide on the real property tax rate?

The City Council decides on the real property tax rate no later than June 25. This deadline is crucial as it allows the Council sufficient time to assess the budgetary needs of the city and make necessary adjustments to the tax rate before the start of the new fiscal year, which begins on July 1. By setting the rate after thorough analysis and discussion, the City Council ensures that funding for essential services is adequately provided, while also considering the economic implications for property owners. The timing of this decision is essential for the city's financial planning and operations, aligning with the overall budget approval process.

The other dates provided in the options fall outside the established timeline of the City Council's legislative duties regarding the tax rate and its alignment with the city's fiscal calendar.