The Belton City Council will consider adopting ordinances on Tuesday which provide direction and funding for Fiscal Year 2023.
The first item to be considered is an update to its Strategic Plan, a document which provides a framework for decision making.
The Council will then consider adopting a proposed tax rate of 58.5 cents per $100 of taxable value, a 4.5 cent decrease from the current tax rate. While the proposed tax rate is lower than the current rate, the average homeowner would pay an additional $6.50 per month due to increases in appraisal values.
The proposed rate would help fund a proposed Fiscal 2023 budget of $43 million, which funds core city services such as police, fire, streets, and park maintenance.
"We are committed to being a good steward of tax funds and seek to maintain and enhance Belton as the premier quality of life city in Central Texas," City Manager Sam Listi said.
Approval of the proposed tax rate would also allow the city to do the following:
- Pay for increasing costs of municipal operations – fuel, insurance, supplies, building and facility maintenance, parks and recreation services, police, fire, and library services.
- Reach longstanding goal of $1 million in funding for annual street maintenance, as streets age and street miles increase.
- Add a limited number of staff positions to enhance customer service.
- Maintain the city’s commitment, reflected in the Compensation Study implemented on April 1, to maintain competitive pay for employee retention and attraction. It provides a first ever 2% Cost of Labor adjustment for all employees, funds annual civil service step increases, another first, and funds the opportunity for a merit raise for other employees following an annual performance review.
- Provide scheduled funding for capital equipment replacement based on life cycle costs, as well as funding for capital projects.
The City Council meeting where these items will be considered is at 5:30 p.m., Tuesday, Sept. 13, Harris Community Center, 401 N. Alexander St.