The Herald Banner, Greenville, TX

August 28, 2013

Council proposes to keep same tax rate

Herald-Banner Staff

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.