The Herald Banner, Greenville, TX

Top News

August 28, 2013

Council proposes to keep same tax rate

GREENVILLE — The Greenville City Council voted Tuesday to formally announce it intends to maintain the current property tax rate in the coming fiscal year’s budget.

The Council also passed resolutions which scheduled the date of the public hearing on the budget, required the publication of the proposed budget and set a date as to when it plans to vote on adopting the budget and tax rate.

City Manager Massoud Ebrahim has proposed maintaining the current property tax rate of 69.9 cents per $100 valuation in the coming budget. The rate would be below the effective tax rate, which would raise the same amount of money as in the current fiscal year, of 74.1 cents.

The budget calls for a little more than $20.9 million in expenditures, and $20.7 million in revenues. Ebrahim is proposing to take the difference from the fund balance. The proposed budget is leaving several currently vacant positions unfilled and is making up for a significant shortfall in property tax revenue. The budget also includes an increase in the amount to be spent on maintaining city streets, as well as a 3 percent pay increase for city employees.

The Council voted Tuesday to call for a September 10 public hearing on the proposed budget and tax rate.

Votes to officially adopt and the budget and tax rate were scheduled for September 24. A new city budget and tax rate must be adopted before the start of the next fiscal year on October 1.

1
Text Only
Top News
House Ads
Featured Ads
Poll

Does Dallas head coach Jason Garrett need for the Cowboys to make the playoffs during the 2014 football season to keep his job?

Yes
No
Who knows with Jerry Jones as owner?
     View Results
Facebook
AP Video
Texas Scientists Study Ebola Virus Smartphone Powered Paper Plane Debuts at Airshow Southern Accent Reduction Class Cancelled in TN Raw: Deadly Landslide Hits Indian Village Obama Chides House GOP for Pursuing Lawsuit New Bill Aims to Curb Sexual Assault on Campus Russia Counts Cost of New US, EU Sanctions 3Doodler Bring 3-D Printing to Your Hand Six PA Cops Indicted for Robbing Drug Dealers Britain Testing Driverless Cars on Roadways Raw: Thousands Flocking to German Crop Circle At Least 20 Chikungunya Cases in New Jersey Raw: Obama Eats Ribs in Kansas City In Virginia, the Rise of a New Space Coast Raw: Otters Enjoy Water Slides at Japan Zoo NCAA Settles Head-injury Suit, Will Change Rules Raw: Amphibious Landing Practice in Hawaii Raw: Weapons Fire Hits UN School in Gaza Raw: Rocket Launches Into Space With Cargo Ship Broken Water Main Floods UCLA
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Real Estate News