Generic_Money3.jpg

Victoria City Council voted on the proposed budget and tax rate for the upcoming 2020 fiscal year at a special meeting Thursday.

At the meeting, the council approved a proposed budget of $139,621,785. The proposed budget reviewed Thursday includes a $65,000 increase from the previous proposal, which the council first voted on in late August.

The additional $65,000 will be added to the environmental services fund, which brings the total for the fund to $5,386,325.

The proposed $139.6 million budget is up more than $6 million from the city’s current budget of $132,892,379.

Council members also voted unanimously to approve the proposed tax rate of 61.15 cents per $100 of assessed valuation. The proposed rate is down from the current rate of 62.24 per $100 of assessed valuation.

There was no discussion by residents or council members on either the proposed budget or tax rate Thursday. Councilman Jeff Bauknight was absent.

The next votes on the tax rate are scheduled for Tuesday and Sept. 17, which will also be the final vote on the proposed budget.

The 2020 fiscal year begins Oct. 1.

You must be logged in to react.
Click any reaction to login.
0
0
0
0
0

Recommended for you

(0) comments

Welcome to the discussion.

Transparency. Your full name is required.
Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article. And receive photos, videos of what you see.
Don’t be a troll. Don’t be a troll. Don’t post inflammatory or off-topic messages, or personal attacks.

Thank you for Reading!

Please log in, or sign up for a new account and purchase a subscription to read or post comments.

To subscribe, click here. Already a subscriber? Click here.