WDMA Prop C

Council proposes property tax rate cut

by | Aug 1, 2018 | Latest

Levy proposed is 73.5 cents versus 78.1 cents in 2017

 

After a pair of budget workshops last week, Wylie City Council members agreed to cut the property tax rate by 4.5 cents and tasked city staff with trimming more than $1 million from general fund department budget requests.

The council issued the direction to staff after the Thursday, July 26, workshop session.

Proposed was a property tax rate of 73.5848 cents per $100 assessed valuation, a figure that is a penny more than the effective tax rate. The effective tax rate is the levy required to generate the same property tax revenue as was received in the prior year.

Breaking down the proposal allocates 18.7642 cents of the rate for debt service and 54.206 cents for general fund operations. Property taxes under the proposed rate will bring in an estimated $33.423 million in revenue.

 

 

For the full story see the Aug. 1 issue or subscribe online.

 

 

By Joe Reavis • [email protected]

0 Comments

Related News

Wylie loses first district game

Wylie loses first district game

The Wylie Pirates defense started strong but couldn't hold on against the Garland Owls. In a battle of the top two teams in District 9-6A, Wylie (5-1, 14-8) lost to Garland (6-0, 14-1) 45-30. The game was close early, with the Pirates taking a 19-17 lead into the...

read more
Collin County holds hazard plan public hearing

Collin County holds hazard plan public hearing

If the winter storm last year proved anything, it pays to be prepared in the event of a natural disaster. Collin County Assistant Emergency Management Specialist Randall Gurney presented information about the county’s Hazard Mitigation Plan during a Wednesday, Jan. 12...

read more
Council passes parking ordinance

Council passes parking ordinance

Wylie City Council held several public hearings and passed an ordinance prohibiting parking near the intersection of Cloudcroft Drive and South Ballard Avenue at the Jan. 11 regular meeting. Council first discussed the parking ordinance in November 2021 after...

read more
Voter registration deadline coming soon

Voter registration deadline coming soon

Texas Secretary of State John Scott reminds all eligible Texas voters to ensure they are registered to vote before the upcoming deadline. The last day to register to vote for the upcoming March 1 primary race is Jan. 31. "Registering to vote in Texas is easy and...

read more
Council holds several public meetings

Council holds several public meetings

Council held several public hearings and passed an ordinance prohibiting parking near the intersection of Cloudcroft Drive and South Ballard Avenue at the Jan. 11 regular meeting. Council first discussed the parking ordinance in November 2021 after residents living in...

read more
Wylie loses first district game to Sachse

Wylie loses first district game to Sachse

In the battle of the last two unbeaten teams in District 9-6A, the Wylie Pirates came up short.Wylie (5-1, 12-13) struggled out of the gates and lost 49-21 to the Sachse Lady Mustangs (6-0, 14-8). The Pirates fell behind 24-3 after the first quarter and couldn't...

read more
Wylie East rebounds with double-digit win

Wylie East rebounds with double-digit win

The Wylie East girls basketball team rebounded with a 55-44 victory over Sherman after the district defeat last week. The Lady Raiders (5-1, 13-8) started strong, leading 23-12 after the first quarter. Sherman battled back and cut the lead to eight points but couldn't...

read more
Election audit shows few issues

Election audit shows few issues

The Secretary of State’s office released the findings of Phase 1 of the forensics audit of the November 2020 election, which shows few issues with the process. In September 2021, the office of the Secretary of State (SOS) announced it would conduct a full forensic...

read more