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August 5th, 2008
Kyle council to talk more about spending

STAFF REPORT

KYLE – At this time of year, the next annual budget is always the most pressing matter for local city councils.

Thus, the Kyle City Council agenda contains little of a controversial nature, but the FY 2009 budget will be up for discussion after councilmembers have had a week to hear from constituents about a proposed eight-cent tax rate increase.

The city staff is asking for a tax rate of 35 cents per $100 of assessed value, which includes 20 cents to pay debt service. The request for an increase comes after 11 consecutive years of declining property tax rates to 27.07 cents on the present budget.

An item to update the council on the coming budget is placed at the end of this evening’s agenda.

Meanwhile, the council will contemplate spending money it already has borrowed, along with possible future borrowing.

On the future side, the council will vote on a resolution to approve its five-year capital investment program, which includes projects to be built between this October and September 2013. The plan calls for $35.5 million in capital improvements. The debt for $20.3 million worth of the projects already has been issued.

Among projects for which debt already has been issued, the council will consider two this evening.

In one case, the council will vote on going ahead with a design-build contract with Marmon Mok and Spawglass of Austin to assemble a $1.5 million public works building. The funds will come from a $22.8 million bond the city issued earlier this year.

In the other case, the council will consider technology upgrades to be funded from a bond issued in 2007.

The council will also contemplate three replats approved last month by the Planning and Zoning Commission (P&Z), among other matters.

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One thought on “Kyle council to talk more about spending

  1. Update: City Staff has decided the tax rate should be raised to 37 cents due to a lowering of projected sales taxes. And you are correct that Council is talking about more spending (i.e. the budget as submitted by city staff. BUT perhaps the Council should be talking about CUTTING the proposed budget submitted by staff. Isn’t that their role in the budget process rather than being a rubber stamp?

    Time is ticking away…

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