West U’s 2013 Proposed Budget Now Available

September 28, 2012

The City of West U has released its 2013 proposed budget, which is now available online.

The city council has scheduled a budget public hearing on Monday, Oct. 15 at 6:30 p.m. to hear comments for or against the proposed budget. The council is also expected to hold a budget workshop on Saturday, Oct. 6.

The proposed budget accounts for $31.3 million in revenues and $34.3 million in expenditures.

The budget is expected to raise more total property taxes than last year’s budget by $559,522 or 3.68 percent. Of that amount, $118,057.90 is tax revenue to be raised from new property added to the tax roll this year.

Property taxes account for 51 percent of the city’s revenue, or $15.8 million.

The proposed general fund budget, which funds almost all city services, accounts for about $14.62 million in revenues and $15.34 million in expenditures.

The largest portion of the general fund, or 65 percent, accounts for personnel and benefits.

The proposed budget accounts for a 1 percent structure adjustment and salary increase as of Jan. 1, 2013 and an average 2 percent pay-for-performance salary increase effective on staff’s anniversary dates. The budget also includes the annualization of the average 1.5 percent pay-for-performance on anniversary date plan that was approved in the 2012 budget.

The city council has set a not-to-exceed tax rate of $0.37411 per $100 valuation, which is the same tax rate as last year but it is higher than the effective tax rate.

The effective tax rate is the rate that would raise the same amount of revenue for the city as last year.

West U residents may pay more in property tax rates in 2013 even though the city’s tax rate may stay the same due to the increase in appraised property values.

The city has to hold two public hearings for the tax increase because the proposed tax rate is higher than the effective tax rate.

The city will hold public hearings on Oct. 8 and Oct. 15 at 6:30 p.m. in the council chamber, 3800 University Blvd.

Council is expected to approve a tax rate that supports its 2013 budget on Oct. 22.

InstantNewsWestu Staff

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