Smiley face

Proposed 2018-2019 Budget and Proposal to Increased Tax Revenue to be Discussed at City Council Special Session

As the Sulphur Springs City Council prepares to approve budget for the 2018-2019 fiscal year, one mandated Texas law will be dealt with in Special Session Tuesday, August 14th. State law mandates that when total tax revenues increase, a public hearing must be conducted even if the increase is driven by property values increasing. Such is the case for the proposed budget.

The council will consider placing the proposed revenue increase on the September 4th regular session agenda (see agenda below). The proposed revenue increase will be heard twice before final approval.  

The council currently plans to keep the tax rate at .44 per $100 of the valuation of property. According to the Hopkins County Tax Appraisal District, county-wide property values have increased 3.22% above the 2017 taxable values. The revenue increase will be found in the higher property values.

CITY OF SULPHUR SPRINGS, TEXAS

SPECIAL MEETING OF THECITY COUNCIL

AUGUST 14, 2018

6:00 P.M.

A special meeting of the Sulphur Springs City Council will be held at 6:00 p.m. on Tuesday, August 14, 2018 in the Council Room at 201 North Davis.  The following items will be discussed:

  1. Pledge and invocation.
  1. Discussions on proposed fiscal year 2018-19 budget.
  1. Discussion/action on motion to place a proposal to increase total tax revenue on the September 4, 2018, City Council meeting agenda and to schedule two (2) public hearings for the proposed tax increase.

Author: Staff Reporter

Share This Post On
bobcat tractor

Bobcat of North Texas Wants You to Know...

Now is the time to invest in a Bobcat® Compact Tractor at Bobcat of North Texas. As the economy continues to expand, construction and construction equipment is in high demand and Bobcat® promises to be at the heart of it all. Demand for Bobcat® equipment is at an all time high, and we want to make sure you get the equipment and attachments you need to make your land your own.

bobcat loader
bobcat loader
bobcat loader
Construction is Booming

Bobcat® equipment is legendary and construction companies know it. Thats why we are taking orders months in advance. We don't want you to fall behIind the competition. Contact us today to get your Bobcat of North Texas order placed.

PlayPlay
Shadow