League City proposing tax rate decrease in FY 2021-22 budget

The $6.37 million increase comprises a $2.42 million increase to the general fund, a $1.13 million increase to the debt service fund, a $3.99 million increase to the special revenue funds and a $1.16 million decrease to the utility fund, the release reads.

The general fund increase includes several factors, including the addition of 10 staff members, raises and cost-of-living adjustments for various staff members, filling vacant positions from fiscal year 2020-21, a health insurance cost increase, adding new city vehicles, and more, according to the release.

Debt service is increasing due to the anticipated third general obligation bond sale in calendar year 2021, totaling $25.8 million. The fiscal year 2021-22 budget includes the estimated debt service payment for this sale, per the release.

The special revenue funds are increasing to replace outdated technology and fund new software.

The first reading and public hearing for the FY 2021-22 budget will be held Aug. 24.