The West U City Council has adopted its 2014 budget and a tax rate of $.037400 per $100 value. The adopted rate is a reduction of $.00011 from the 2013 tax rate of $0.37411.
The adopted budget accounts for $32.4 million in expenditures and $34.4 million in revenues.
The budget is expected to raise more total property taxes than last year’s budget by $537,848 or 3.43 percent. Of that amount, $116,637 is tax revenue to be raised from new property added to the tax roll this year.
Property taxes account for 50 percent of the city’s revenue, or $16.3 million.
The general fund budget, which funds almost all city services, accounts for about $14.5 million in revenues and $15.6 million in expenditures.
The largest portion of the general fund accounts for personnel and benefits.
The city is eliminating two full-time positions through attrition due to technology enhancements and increased efficiencies in delivering services. The city will have 123 full time employees in 2014 compared to 125 in 2013.
The city has budgeted for a 3 percent pay-for-performance increase in anniversary dates for city employees. The city has also budgeted $1.7 million for employee health benefits.
The city budgeted for several capital projects including demolition and rebuild of the animal control shelter, a partial roof replacement on the municipal building, community building re-insulation and senior services heat pump and air handler replacement, Colonial Park concession area enhancement and pump house energy-efficient lighting additions.
The budget also includes replacement of seven public works vehicles.
West U residents may pay more in property tax rates in 2014 even though the city’s tax rate decreased due to the increase in appraised property values.