The Highland Village City Council is discussing the Fiscal Year 2018-19 budget, which includes a proposed tax rate decrease.
As part of the two-stage tax decrease, the first stage would be implemented in FY 2018-19 — which begins this fall — and would lower the tax rate from $0.56802 to $0.56302.
Assessed valuations came in at an overall 5.6 percent increase, according to a city news release. The city’s proposed base General Fund Budget expenditures total $18,373,424, a 4.4 percent increase over last year. The proposed budget also includes a Supplemental Budget of $335,658, which is a total increase of 6.3 percent.
Budget presentations and public hearings will continue at the Aug. 28 and Sept. 11 City Council meetings, according to the city.
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