Highland Village Council proposes tax rate decrease

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Highland Village City Hall. Photo by Bill Castleman

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.

About The Author

Mark Smith

Mark Smith is the Digital Editor of The Cross Timbers Gazette.

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