Here's a good source for City budgets & CAFRs is you guys want to do your own research:www.MattOcker.com/records
Hey we all be posting on same blog now!!!!
This comment was removed by the site staff for violation of the usage agreement.
The city staff will ALWAYS propose a tax increase. As Ronald Reagan said, the closest thing to eternal life is a bureaucracy.
Jeff, megalomania always has a cost.
To review the proposed budget go to the city website. There is a link for the proposed budget (the one BSspotter posted should get you there but it didn't work for me). When you bring up the summary page on the right toward the top is another link [Table of Contents]. Click through on that and it will take you to the detail.
Take a look at the debt service fund, pg. 4. As of 10/1/10 taxpayers owe $160million in P&I. The debt payments in the proposed budget will be over $8million and by 2018 they grow to over $10million. In 04/05 budget they were less then $1million. Debt service revenue is exclusively property taxes. Six years ago we were paying $1million per year in debt, six years from now we will be paying over $10million a year in debt. According to the data on the Texas Municipal League website Victoria has the 5th highest debt per population of cities in Texas with populations between 50 & 100 thousand. That was before the additional debt incurred this fiscal year. I guess we are shooting for number 1.
All I could find was this summary:www.victoriatx.org/finance/budget/Fis...
It states: "This budget will raise MORE total property taxes than last year’s budget by $238,275 or 1.20%, and of that amount $155,428 is tax revenue to be raised from new property values added to the tax roll this year."
I guess this was from before the trimming that will prevent them from raising taxes.
Is this proposed budget available for citizen perusal before it is adopted?
Where would one get a copy?