The Jersey Village City Council adopted its budget for the 2013–14 fiscal year at a Sept. 16 council meeting. The budget was passed 4–0 with council member Sandra Joachim absent.
Revenues and expenditures for the general fund are projected at $9.8 million and $9.3 million respectively, continuing a trend in which the city's revenues have been coming in higher than expenditures, City Manager Mike Castro said.
Roughly 42 percent of Jersey Village's revenue comes from property taxes, while 27 percent comes from sales taxes and 15 percent from franchise fees and court fees. Although sales tax is projected to continue climbing, Castro warned that it tends to be more volatile, and construction on Hwy. 290 could have a negative effect on it next year.
The budget calls for the city's property tax rate to remain at 74.25 cents per $100 of valuation. The property tax rate has not increased since 2006, Castro said.
The maintenance of aging facilities was brought up as a long-term issue that, while not included in this year's budget, will have to be dealt with eventually.