Photo by City of Sugar LandSugar Land City Council adopted its $207,565,375 budget Sept. 17 for fiscal year 2014, which runs from Oct. 1, 2013 to Sept. 30, 2014. Council also approved a proposed property tax rate of $0.30895, which shows no change from last year's rate.
The budget projects a 2.7 percent growth in sales tax revenues and 7 percent growth in property tax revenues as a result of a rise in commercial valuations. Growth in value is expected to increase the average resident tax bill by 2 percent.
"[The budget] is structurally balanced and addresses the City Council priorities," City Manager Allen Bogard said. "[It] leaves the current tax rate unchanged and ensures continued financial strength by meeting all financial policies."
Included in the budget is $37.05 million in capital improvement projects, which includes maintaining existing infrastructure such as streets, drainage and water projects.
