The San Marcos City Council has moved its first budget workshop to Aug. 11 at 6:30 p.m. in the council chamber at City Hall.
The workshop had originally been planned for Thursday, Aug. 6.
San Marcos City Manager Rick Menchaca will present the proposed Fiscal Year 2010 budget, which calls for $145,474,683 in total expenditures at a property tax rate of 53.02 cents per $100 of taxable value, the same tax rate that presently in effect.
That tax rate would raise $694,758 in additional revenues for the coming year because new properties, value increases in existing properties and the ending of a ten-year property tax abatement for the Hays Energy Power Plant have increased the property tax base to $2,623,365,185. Thus, a penny of property tax rate raises $262,336. The Hays Energy Power Plant is going on the tax rolls at a value of $215.4 million. The city’s property tax roll has increased by a little more than $1 billion since 2001.
Though the proposed FY 2010 budget is $226,471 smaller than the budget adopted for FY 2009, the city expects to operate at a deficit because the budget forecasts only $140,978,869 in revenues. The remaining $4.5 million will come from the fund balance, which will then come down to $43,874,631. At that amount, the fund balance would equal 30.16 percent of the budget.
Of the city’s $39.7 million general operating budget, the largest revenues would come from sales taxes ($18.5 million), ad valorem taxes ($5.2 million) and other taxes ($7.1 million). Sales taxes represent 46.6 percent of operating revenues, city franchise fees represent 14.7 percent and property taxes represent 13.22 percent.
The property tax would raise $8.5 million on the debt side of the budget, covering most of $9.8 million in debt service payments.
New positions to be funded include nine firefighters to begin in the middle of the fiscal year at a total cost of $277,154. The city also would add a beautification coordinator for $30,000 and a WIC certification specialist at $33,197.
The city council will hold public hearings on the tax rate and budget on Aug. 13 (8 p.m.) and Aug. 18 (8 p.m.). The council is scheduled to adopt the budget and tax rate on Sept. 1, with the new budget taking effect on Oct. 1.
The budget is posted online at www.sanmarcostx.gov/budget .
San Marcos City Council meetings are broadcast live on Time Warner Channel 10 and Grande Channel 16. They’re also video-streamed from the city website at www.sanmarcostx.gov/ .
The Planning and Zoning Commission (P&Z) meeting scheduled for Aug. 11 at 6 p.m. will be held in the Municipal Courtroom on the second floor of the Municipal Building at 630 East Hopkins StreetEmail | Print