Uptick of 2.69 cents would generate extra $220K
In an effort to keep up with a recent trend of rising expenses, Uvalde City Council has proposed a tax rate increase of 2.69 cents per $100 valuation. The proposed 2019-2020 tax rate of 72.68 cents is equal to the rollback rate, which, if exceeded, would allow taxpayers to petition for an election to approve or deny an increase.
During the council meeting held Tuesday evening at city hall, city manager Vince DiPiazza said this is intended to raise approximately $220,000 in additional funding for the city.
At this time, the fiscal year 2019-2020 proposed budget is still in the process of being completed, so no figures are available.
For the previous year, 2018-2019, the the general fund budget reflected revenue of $10,401,290 and expenses of $10,376,289; including utility and sanitation budgets, the total budget for the city included $25,637,091 in revenue and $25,682,411 for expenses.
At the proposed 2019-2020 rate, a homeowner with a property valued at $50,000 would pay $363.40 in taxes to the city of Uvalde; that same homeowner would have been billed $349.95 last year at the current rate.
The 2018-2019 tax rate was 69.99 cents.
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