NTMWD 2025 Summer

Final tax rate and budget approved

by | Sep 20, 2017 | Latest

By Joe Reavis

Staff Writer

[email protected]

 

The fiscal year 2017-18 budget and a reduced property tax rate received final approval from Wylie City Council last week.

The council met Tuesday, Sept. 12, at City Hall to wrap up budget season and hear a brief report on the status of repairs from the April 2016 hailstorm.

Budget for the new year, which starts Oct. 1, totals $84.9 million and is funded through ad valorem taxes, non-property taxes, franchise fees, licenses and permits, intergovernmental funds, service fees, court fees and interest income.

The council cut the property tax levy by 6.79 cents to 78.1 cents per $100 assessed valuation, a level that is slightly less than the effective rate at which most property owners will not see an increase in their tax bills. Last year, the property tax rate was 84.89 cents.

Wylie will receive more property tax money than it did last year, even at the reduced levy, because of the value of new property added to the tax rolls. Property tax revenue is estimated at $31.35 million, about $1.2 million more than was generated in FY 2016-17.

For the full story see the September 20 issue or subscribe online.

Collin Summer 2025

Deprecated: Creation of dynamic property ET_Builder_Module_Comments::$et_pb_unique_comments_module_class is deprecated in /home/csmediatexas/wylienews/wp-content/themes/Divi/includes/builder/class-et-builder-element.php on line 1380

0 Comments

Subscribe RH Love

Related News

Potential measles exposure in Collin County

Potential measles exposure in Collin County

Collin County Health Care Services has been notified that an individual who spent time in Collin County from Saturday, May 31, through Sunday, June 1, has tested positive for measles. The individual visited two public venues while infectious: • Lemma Coffee Company,...

read more
Three charged in local burglary

Three charged in local burglary

The Wylie Police Department has charged three teen-agers in connection with the burglary of a convenience store, a police spokesman said.  Sgt. Donald English said an 18-year-old man and two juveniles have been charged with engaging in organized criminal activity...

read more
City’s annual budget process continues

City’s annual budget process continues

The city of  Wylie continues work on its fiscal year 2025-26 budget development process with a series of public meetings and work sessions that will extend into late August, culminating in the adoption of the city’s new budget and tax rate. The approved budget...

read more
Exotic cat rescue celebrates milestone

Exotic cat rescue celebrates milestone

Kylo Ren, a tiger born at In-Sync Exotics in 2018, enjoys playing with a colorful cardboard tube (AKA light saber) in his pool during the annual Birthday Bash Saturday, June 7. Photo by Dave Smith for In-Sync Exotics After 25 years of rescuing and rehabilitating...

read more
Wylie ISD proposes $291M budget for 2025-26

Wylie ISD proposes $291M budget for 2025-26

Wylie Independent School District (Wylie ISD) has proposed a $291.2 million budget for the 2025–26 school year, reflecting a 0.45% decrease from the 2024–25 amended budget. District trustees are scheduled to adopt the budget on June 16, following a required public...

read more
Order photos