Rollingwood City Council proposed a property tax rate of $0.2171 per $100 assessed valuation for the 2016-17 fiscal year at its meeting Wednesday. However, the council intends to lower that rate to $0.1921 by the time the rate is made official at September's meeting, Council Member Joe Basham said. The FY 2015-16 tax rate is $0.2090. Rollingwood citizens will have two opportunities to comment on  the tax rate at public hearings scheduled for Aug. 31 at 7 p.m. and Sept. 7 at 7 p.m. City Council is expected to approve the tax rate Sept. 21. Once a tax rate is proposed, it cannot be increased. Therefore, council members picked a rate with a built-in cushion, but will likely propose a lower tax rate before adoption in September. Rollingwood City Administrator Charles Winfield proposed a surplus general operating budget for FY 2016-17—which runs from Oct. 1 to Sept. 30, 2017—of about $2 million, a nearly $40,000 increase from last fiscal year's adopted budget. Winfield said the city expects to have about $166,000 in general fund surplus revenue at the end of FY 2016-17. Council is expected to adopt the budget Sept. 21 following a public hearing.