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The original item was published from 8/11/2022 11:36:40 AM to 8/11/2022 11:38:04 AM.

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Posted on: August 11, 2022

[ARCHIVED] Notice of Budget and Tax Rate Hearing

Budget and Tax Rate Public Hearing

 

    NOTICE OF PUBLIC HEARINGS 

                                                                                             PROPOSED BUDGET AND TAX RATE FOR FISCAL YEAR 2023 

                                                                                                            AUGUST 23, 2022 AND SEPTEMBER 13, 2022 

                                                                                                                    5:30 P.M. AT KILGORE CITY HALL

 

The Kilgore City Council will conduct Public Hearings in the City Hall Council Chambers, 815 N. Kilgore Street, on Tuesday, August 23, 2022 and Tuesday, September 13, 2022 at 5:30 p.m. on the proposed budget and Tax Rate for Fiscal Year 2023.

 The proposed budget allocates funding for all City services.  This year’s budget makes significant reductions to staffing levels and capital maintenance appropriations in order to balance the budget.  The tax rate proposed in the budget is .599 which is more than the No New Revenue Tax rate of $0.532081 which would be necessary to raise the same amount of revenue from taxes as the prior     year.  This rate represents no tax rate change from the prior year. This budget will raise more total property taxes than last year's budget by $886,222 and of that amount $ 69,305 is tax revenue to be   raised from new property added to the tax roll this year.   Members of the public are encouraged to attend the public hearings or provide feedback by emailing info@cityofkilgore.com.

 Copies of the Proposed FY2023 Budget are available at City Hall, 815 N. Kilgore, and the Kilgore Public Library, 301 N. Henderson Blvd, or online at www.cityofkilgore.com.

 

 

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