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
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:
- Pledge and invocation.
- Discussions on proposed fiscal year 2018-19 budget.
- 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.