City adopts budget, raises tax rate
September 17, 2013, 6:30 pm by Lance Reaves
City Council Monday voted to adopt the proposed budget and a 6.3 percent tax rate increase for the next fiscal year.
Before adopting the budget, council members approved an amended ordinance that included several increases in expense and revenue to both the utility fund and the general fund.
The budget for the 2013-14 fiscal year is approximately $11 million.
Council members were asked if any cuts in spending were made. City Manager Brenton Lewis reported the city had removed three positions from the staff, and noted the next fiscal year’s general expense—$3.77 million—was approximately $500,000 less than the previous year.
The 41-cent per $100 valuation tax rate, an effective 6.3 percent increase compared to the $.39 from the previous year, was also approved.
"In order to be fiscally responsible with the city, the tax rate needs to go up,” Lewis said.
Alderwoman Jeanne Puryear noted that even the highest proposed rate—$.43 per $100—would not cover the expenses for the police department alone. Puryear originally made a motion to adopt the tax rate of 43 cents per $100, an effective 12.47 percent increase, but her motion died due to a lack of second vote.
For the full story, see Wednesday's Llano County Journal.
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