Clarendon Aldermen proposed dropping the city’s ad valorem tax rate by almost 26 cents per $100 valuation during their regular meeting last Thursday, July 25.
The proposed tax rate is $0.4999 compared to the current rate of $0.75868, according to City Administrator David Dockery.
“That puts our rate under 50 cents and generates less than $500,000 in revenue, which makes the city a small taxing unit,” Dockery said.
The reduced rate was made possible by the city paying off bonds that were issued in 2012 for street and water line improvements.
Aldermen also conducted a budget workshop, and Dockery said the tentative budget for fiscal year 2020 totals about $2.544 million, which is an increase over usual expenses budgeted for 2019. Dockery said the new budget includes a three percent cost of living adjustment for city employees.
In other city business last week, aldermen approved the city’s quarterly investment report and voted to support Eddy Edwards of Borger to serve on a board with the Texas Municipal League.
In a called meeting Monday, July 29, the city council also approved a bid from Panhandle Striping & Seal Coating to stripe and seal coat the Smiley Johnson Municipal Airport runway and tarmac for $49,999 as part of a state RAMP grant project.
Leave a Reply
You must be logged in to post a comment.