Paired with that, City Council is also expected to approve the city’s newest tax rate at that meeting as well, officials said Sept. 4.
What you need to know
Manvel City Council held a public hearing on the city’s newest budget on Sept. 4, which nobody spoke at.
State law requires a city to take action on a budget after a public hearing is held, city officials said at the meeting. However, there is no specification as to what that action has to be. As a result, City Council opted to approve the date the budget will receive a final vote.
The budget presented for the public hearing was the same one presented Aug. 1, according to city documents. The budget calls for roughly $15.7 million in revenue and expenses, resulting in an expected balanced budget.
Meanwhile, the tax rate expected is $0.56 per $100 valuation of a home, which is the same as last year but higher than the city’s no new revenue rate of $0.507231, according to city documents. The difference will mean around $1 million more in revenue for the city.
City documents show a home valued at $300,000 will pay $1,680 in taxes to the city, according to city documents.
Stay tuned
Manvel City Council is expected to vote on both its budget and tax at its Sept. 16 meeting. The city’s new fiscal year will begin Oct. 1, budget documents show.
