Keller City Council approved at its Aug. 20 meeting setting a maximum tax rate of $0.3999 per $100 valuation for fiscal year 2019-20.
As it discusses its tax rate for the upcoming fiscal year, the council cannot approve a tax rate above the approved maximum rate. At its Aug. 6 meeting, the council discussed approving lowering its proposed tax rate for the sixth consecutive year to $0.3999 per $100 valuation. That is a decrease from the FY 2018-19 tax rate of $0.41325 per $100 valuation.
“We’ve had quality growth, and while we do intend to issue debt, over the next couple of years, we’ll see our debt dropping off,” Director of Administrative Services Aaron Rector said at the time. “And there’s just good, conservative budgeting on behalf of the council.”
Keller City Council is scheduled to adopt its FY 2019-20 budget and tax rate at its Sept. 17 meeting. The fiscal year begins Oct. 1.