TONIGHT: Public hearing on adoption of city tax rate
Tonight, starting at 6:30 p.m. in the Municipal Building located at 3800 University Boulevard, the West University Place City Council will hold the first of two public hearings to hear comments on the proposed property tax rate. The second public hearing will be held on Monday, October 10.
Section 26.05(d) of the Texas Tax Code requires two public hearings to hear public comments when a city plans to raise more tax revenue than the amount collected the previous year.
On September 12, the city council adopted a maximum rate of 31.68 cents per $100 value; last year’s rate was 33.179 cents per $100 value. Because of the 7.79% increase in property values, this tax rate reduction still would result in a tax revenue increase.
The city council held a budget workshop on Saturday, October 1. At that meeting, a majority of the city council asked the city staff to return with a budget that is revenue neutral.
The new personnel spending comes primarily from the funding for two more police officer, and one new police dispatcher – for an increased annual cost of $288K.
The proposed General Fund operating expenses show a net increase of $118K, primarily from new spending of $200K for surveillance camera technology at two entrances to the city.