San Marcos Mercury | Local News from San Marcos and Hays County, Texas

August 5th, 2009
City to unveil FY 2010 budget next week

STAFF REPORT

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 Street

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0 thoughts on “City to unveil FY 2010 budget next week

  1. Ah Yes…. the ‘budget’.

    Remember, no matter what you are shown in a budget, this is only what they propose to spend and collect from you THIS TIME.

    What they are NOT telling you about in the ‘budget’, is the millions of dollars they have invested year after year, and the interest they collect on this money. The interest alone provides a ‘well regulated’ city government enough capital to operate indefinitely, without every having to tax the people again. Ditto for govt. at all levels, and school districts.

    You’ll have to do your own research. Look at the Comprehensive Annual Financial Report (CAFR) to know just how much money they are sitting on.

    But, I must inform you that since many of the ‘residents’, as we are called by our elected servants, have discovered and read the CAFR, more information that was once included is now omitted.

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